Quota helps seal Kerry deal

AN astonishing result emerged last week at the auction of a 27-acre dairy farm at Leagh, Ballyduff, Co Kerry.

Eddie McQuinn of McQuinn Property Services held the auction in Listowel and realised a final price of €900,000 for the house and land, which made the equivalent of €33,333 per acre.

There was huge interest in the farm because of the 70,000 gallon milk quota, which brought bidders from all over the country, said Mr McQuinn.

The land was extremely attractive to dairy farmers following new milk quota rules, which came into effect in April, he said.

Quota can now be moved to any area in the country from disadvantaged areas, of which Kerry is a part.

The farm was hugely attractive to expanding dairy farmers in light of the potential for exceptional returns for the foreseeable future, Mr McQuinn added.

* Meanwhile, three determined bidders brought some 60-acres of grazing land near, Fossa, Co Kerry, to €1.5 million at auction.

Auctioneer Jim Burns started at €1.25 million and the property was bid up in €100,000 bids until it was knocked down to a solicitor at €1.5 million.

It’s believed the purchaser is a local farmer who is also close to the land at Grenagh, Fossa, Co Kerry.

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