Farm land-rental markets subdued over likely Brexit impact

Farm land-rental markets remain subdued, a fact which the Society of Chartered Surveyors Ireland / Teagasc land report links closely to Brexit fears.

Teagasc’s Jason Loughrey predicts confidence in the land market will be depressed by the impacts which a UK exit from the EU would have on the Common Agricultural policy.

Mr Loughrey said: “The uncertainty in the lead up to the vote is having a negative effect on agri-food exports due to the depreciation of sterling against the euro.