Average price paid for farmland in Kildare in 2020 rose sharply. It was €16,446/ac, well up on the €15,166/ac of the year before. Kildare maintained its place as the county with the second-highest farmland price.
The number of farms that came on the market was 39, down from 46 in 2019.
However, average size rose and the total area offered at 2,067ac was close to the 2,188ac of the year before.
Auctions continue to be popular with Kildare landowners and auctioneers pulled out all the stops to meet their wishes in 2020.
Nine of the 39 farms put on the market were sold by public auction, some under novel arrangements including on the land itself and online.
Six Kildare holdings were sold under the hammer and three after negotiations with the highest bidder, following auction.
Twenty-one of the properties offered in Kildare were residential, the other 18 non-residential.
Sale prices ranged from €8,182/ac to over €37,582/ac, overall a sharp increase on the previous year. The total value of land sold in the county in 2020 was over €23m.
Business buyers, investors and other non-farmers have been active buyers of farmland in Kildare for many years. That continued in 2020, with this category buying 35% of the properties sold.
Next in importance were mixed-enterprise farmers and dairy farmer buyers but beef and tillage farmers made purchases too.
Three farm holdings that sold under the hammer at auction made over €19,000/ac.
A 31ac block at Laragh, Maynooth, sold for €650,000 or €20,967/ac. The 76ac at Dunbrin Lower, Athy, sold for €1.5m or €19,868/ac. The 86ac at Punchestown Great, Naas, made €1.7m or €19,883/ac.
*Based on 24 transactions