Tillage land is meeting strong leasing demand in south Tipperary, with one farm recently making in the region of €400/ac, the Irish Farmers Journal understands.

The well-maintained farm close to Newcastle extended to over 200ac and was offered privately on a long-term lease to local farmers. After plenty of bidding, it’s understood the land was ultimately divided into parcels of between 10ac and 100ac between four local dairy farmers.

The land was previously used to grow malting barley, wheat, porridge oats for Flahavans, spring beans and some fodder beet by the retiring farmer.

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Auctioneer John Stokes of REA Stokes and Quirke declined to comment when contacted this week, other than to say that the land in question was “a very attractive tillage farm” and the lease length agreed was 10 years.

A second farm, consisting of 160ac close to the nearby town of Cahir, was also snapped up for a lease price “well north” of €300/ac, according to local sources.

It was leased by farmers with a mix of dairy and tillage interests. John Stokes also handled that farm, although he declined to comment when contacted.