Land prices to rise 4% as Iran conflict hits farm incomes

Greater uncertainty despite exceptional farm performances last year

The average national price for good quality agricultural land last year was €14,126, an increase of 7% on the previous year.

War in Iran and wider global tensions mean the price of farmland in Ireland is forecast to rise by 4% this year, a slower rate than in previous years, as higher costs impact farm incomes.

A joint report from the agri-food agency Teagasc and the Society of Chartered Surveyors Ireland (SCSI) describes an active and competitive market with prices underpinned by strong demand and a continued scarcity of available land.