Dairygold place five pig farms on the market

AS part of Dairygold Co-operative’s strategy to streamline its varied business interests, five pig farms are now on the market for sale or lease through Richard Collins of Farm Business Advisers Ltd, Fermoy, Co Cork.

With three state-of-the-art piggeries being placed on the market and two other units to be leased, the most recent comparable deal is that of noted pig producer Jack Merry, who put 440 acres of land and three pig farms for sale in Drogheda and Co Meath through Raymond Potterton last year.

That sale was potentially a £9 million deal, but the only publicly announced part of the deal was the sale of 224 acres of land to a tillage farmer for £2.4 million.

The pig farms were withdrawn unsold.

The Dairygold pig farms, in the intensive pig production area of North Cork-South Tipperary have 300 acres between them, and a 1,830 sow capacity.

Richard Collins is open to offers from all interested parties, especially on lease terms for the pig farms at Mitchelstown and Kilworth, which have a combined capacity of more than 5,000 pigs.

The other three pig farms can be sold in the entire, which should entice some of the well-known pig producers in the area to invest, or they can be sold separately.

The build costs of these three units now would be in the region of €5 million, says Richard Collins and he is using this figure as an overall price guide of the three lots.

Lot 1 is a 10 acre holding with a 600 sow unit and bungalow at Cahir, Co Tipperary. Lot 2 has a 950-sow capacity with 234 acres at Roscrea. More than 60 acres is under forestry; the rest is in grazing.

Lot 3 is the smallest, a 280-sow enterprise at Annistown, Killeagh, Co Cork, with planning permission granted for an extension.

All of the farms will be sold as going concerns with stock, and they are run to the highest standards and run to regulatory requirements, says Richard Collins.

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