Farmers all over Ireland will be salivating at the prospect of a 700ac farm to lease.
The farm, located at Laragan, Elphin, Co Roscommon, is being offered on a 20-year lease to include all the land, farm buildings and a two-storey traditional farmhouse.
Dairy consultant Mike Brady is handling the lease and is actively encouraging dairy farmers to come forward with proposals.
Brady has set a price tag of €225/ac for the annual rent for the farm, to include all land, buildings and the house. That would equate to an annual rent of €157,500 or €3.15m over 20 years.
Brady has set a price tag of €225/ac for the annual rent for the farm
“The 20-year lease It’s a pretty unique offering,” the consultant told the Irish Farmers Journal.
“We’re doing it over 20 years to maximise the tax relief for the owner and so that if someone wants to develop it as a dairy unit, they will have as much time as possible for the borrowings.”
The farm is capable of holding a milking herd of 650 to 700 cows, according to Brady, and is well set up for development.
Good dry land
“It will need a paddock plan, roadways and some re-seeding, as well as a parlour,” he explained. “But there is around 550ac on the home farm in some big fields. The outside farm is around 160ac with 40ac under trees and 120ac of grass.”
He describes the land as good dry land, located 350ft above sea level.
The owner is Marcus Hanly, one of the well-known family behind Hanly Quarries and development that owns Laragan quarry close to the farm. Over time, he bought several parcels of land surrounding Laragan. Until now Hanly has operated the farm as a beef-finishing unit, taking in cattle on B&B and finishing some of his own.
“Now he wants to concentrate more on the quarry business,” explained Brady.
The candidates
Several criteria have been set out for potential investors, he added:
The farmer must have an established track record managing large number of cows. The farmer must have farm accounts to back up their track record.He/she must have a personality that the landlord can get on with them. He/she must pay a fair price. “It won’t necessarily be the highest bidder,” warned Brady. “I want to get the best price possible for Marcus Hanly while allowing the person who takes the farm to survive and flourish.”
The rent will be agreed on an annual fee per acre and paid monthly, with a rent review every five years.
What’s on offer:
700ac of grassland.Accommodation for 1,000 cattle in loose housing and double slatted sheds.Two-storey traditional farmhouse.20-year lease.Discounted stone for roadways.Option to buy Basic Payment Scheme entitlements in the region of €25,000. For more information, see the Irish Farmers Journal this week or email info@bradygroup.ie.
Eight farmers set up 420ac dairy farm
Almost half of all Irish dairy herds now have 100 cows or more
Major tillage farmers swap combines for the milking parlour
Farmers all over Ireland will be salivating at the prospect of a 700ac farm to lease.
The farm, located at Laragan, Elphin, Co Roscommon, is being offered on a 20-year lease to include all the land, farm buildings and a two-storey traditional farmhouse.
Dairy consultant Mike Brady is handling the lease and is actively encouraging dairy farmers to come forward with proposals.
Brady has set a price tag of €225/ac for the annual rent for the farm, to include all land, buildings and the house. That would equate to an annual rent of €157,500 or €3.15m over 20 years.
Brady has set a price tag of €225/ac for the annual rent for the farm
“The 20-year lease It’s a pretty unique offering,” the consultant told the Irish Farmers Journal.
“We’re doing it over 20 years to maximise the tax relief for the owner and so that if someone wants to develop it as a dairy unit, they will have as much time as possible for the borrowings.”
The farm is capable of holding a milking herd of 650 to 700 cows, according to Brady, and is well set up for development.
Good dry land
“It will need a paddock plan, roadways and some re-seeding, as well as a parlour,” he explained. “But there is around 550ac on the home farm in some big fields. The outside farm is around 160ac with 40ac under trees and 120ac of grass.”
He describes the land as good dry land, located 350ft above sea level.
The owner is Marcus Hanly, one of the well-known family behind Hanly Quarries and development that owns Laragan quarry close to the farm. Over time, he bought several parcels of land surrounding Laragan. Until now Hanly has operated the farm as a beef-finishing unit, taking in cattle on B&B and finishing some of his own.
“Now he wants to concentrate more on the quarry business,” explained Brady.
The candidates
Several criteria have been set out for potential investors, he added:
The farmer must have an established track record managing large number of cows. The farmer must have farm accounts to back up their track record.He/she must have a personality that the landlord can get on with them. He/she must pay a fair price. “It won’t necessarily be the highest bidder,” warned Brady. “I want to get the best price possible for Marcus Hanly while allowing the person who takes the farm to survive and flourish.”
The rent will be agreed on an annual fee per acre and paid monthly, with a rent review every five years.
What’s on offer:
700ac of grassland.Accommodation for 1,000 cattle in loose housing and double slatted sheds.Two-storey traditional farmhouse.20-year lease.Discounted stone for roadways.Option to buy Basic Payment Scheme entitlements in the region of €25,000. For more information, see the Irish Farmers Journal this week or email info@bradygroup.ie.
Eight farmers set up 420ac dairy farm
Almost half of all Irish dairy herds now have 100 cows or more
Major tillage farmers swap combines for the milking parlour
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