The average land value in 2016 was €8,771/acre, down very slightly from €8,914/acre according the new Irish Farmers Journal Land Price Report for 2016.

This represented a decrease of just 1.6% in a year, and marked the second year in a row when the national average fell.

The demand from forestry companies is reflected in this year’s Land Price Report, with companies now willing to pay in excess of €5,000/acre for suitable land.

In total, 73,778 acres were offered for sale in 2016, which was down from 74,629 acres offered in 2015. This represents a 1.1% decrease in a year.

This is the 10th anniversary of the Land Price Report and this year’s report offers insight and expert analysis from Irish Farmers Journal property editor Shirley Busteed. Shirley looks back at some of the top land sales over the course of the Land Price Report.

  • The Land Price Report is free inside this week’s Irish Farmers Journal.