Farmland prices to rise 6% on the back of better milk prices and strong competition

'Dairy farms are projected to have a robust 2025 and will continue to significantly influence the demand for both owned and leased land,' according to SCSI rural agency committee chair Frank Harrington

The report found that the average price of non-residential agricultural land in 2024 was €9,907 per acre, an increase of 7% on 2023. Picture: iStock

Agricultural farmland prices are expected to increase by 6% over the course of this year, driven particularly by dairy farmers, but uncertainty over the impact of US tariffs and Irish exports could temper those increases, a  report has found.

According to the Society of Chartered Surveyors Ireland (SCSI)/Teagasc's annual  Agricultural Land Market Review and Outlook Report 2025, land values and land rental costs are expected to rise again this year primarily due to better milk prices as well as strong competition among farmers.