Major returns for mature forestry make trees very
While many will be aware of generous grants and the 20-year premium package, owners of forestry at thinning stage continue to experience attractive prices for timber sales. There is also a growing realisation among owners of the major financial returns for mature forestry. Teagasc Forestry Development Officers can assist you when considering a forest enterprise.
Farmers are in the lucky position of being able to invest some land in forestry without any start-up cost, with grants covering the full cost of establishment, and annual tax-free premia for 20 years, according to the Teagasc forestry development section. The annual payment is €427 (for forestry on enclosed land, established under the Afforestation Scheme).
