CAP reform adds to this year’s strong land letting demand

The land letting market is in full swing, and there seems to be no let-up in the price that rented ground is making, despite the fall-off in incomes expected in the dairy sector due to lower milk prices.

Similarly, tillage land rents are as high as in recent years, despite increased input costs eroding farmers’ net profit margins.

“Prices are holding well, and in some cases increasing,” says Ernest Forde of Hodnett Forde, one of Co Cork’s largest land letting agents.