FIELD OF DREAMS: Interest in this Meelin farm is strong.
Consolidation is the name of the game. All the talk about strong markets and grazing platforms is having the desired effect and farmers, where they can, are trading up and out.
And in the case of this substantial 160-acre farm in Meelin, Newmarket, Co Cork, it’s consolidation all the way. Poorer land on this farm is being pitched towards forestry interests, as the vendor sets his sights on more productive land.
The fragmented property, with one large lot of 120 acres and two smaller lots of 27 and 25 acres, comes with an attractive 54,000 gallons of Kerry milk quota, and a total combined single farm payment of €16,000 per annum — equivalent to €100 per acre.
The selling agent, Eamonn O’Brien of CCM Property Network , is proposing to sell the two smaller lots with pro-rata amounts of the quota, and will sell in lots.
The heavier ground in this farm is ideal for forestry, with considerable interest logged already, within a week of the farm coming on the market.
The land in the smaller blocks offers the opportunity to acquire quota and silage, or grazing land, while the smaller of the two blocks would also suit forestry, with the quota moved off — a good investment both ways, says O’Brien.
In fact, the main interest so far has come from the forestry sector, and a concrete offer on the entire of €4,000 per acre is already in place.
However, the agent feels a guide price of €720,000 or €4,500 per acre is closer to the mark as a general guide across the board for the mix of forestry and grazing land.
Interest is very strong, and the agent is optimistic of reaching a satisfactory and swift conclusion to this interesting sale.
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