Leasing a 'self-correcting phenomenon'

Agricultural land is leasing for up to €500 per acre across many parts of Ireland.

Agricultural land is leasing for up to €500 per acre across many parts of Ireland.

“For leasing, it has certainly been an extraordinary year,” said Éamonn O’Brien of CCM Property Network. “But the whole land market is going to correct itself in the course of time.” 

As he and other commentators point out, the reason that people are paying up to €500 per acre is because it makes economic sense for people to do so.