The rising price of land being sold for forestry use is putting a floor under the agricultural land market. Speaking with auctioneers this week, many reported how the price of bare land sold for use as forestry has risen steadily in the last few years from less than €3,500/ac to about €4,500/ac at present.

In certain cases, as much as €5,000/ac is being paid for land and this is putting a floor under the market for the price of agricultural land.