Farm prices drop 2%, but prices better for larger farms

The average price of farmland decreased last year.

A report on the cost of agricultural land shows that nationally, the average price per acre fell to €10,336 in 2015.

That figure is a drop of almost 2% when compared with the previous year.

Managing director of Ganly Walters Robert Ganly, who is one of the authors of the report, said the survey also showed a rise in the price of big farms.

"The larger farms are making more per acre," he said. "There's a particular desire for farmers to buy large farms and consolidate, and there's a scarcity of large farms in the market so they're coming at a premium."