Against the grain: how crop prices are gaming the property market

Global commodity markets are in the midst of the heaviest bull run since 2013, and it’s not only affecting the agricultural sector: key players in the Irish construction industry are warning that new homes may soon be outside the reach of average first-time buyers

23rd May, 2021
10
James O’Reilly with his rapeseed crop near Gowran in Co Kilkenny: ‘There’s a good outlook for rapeseed prices this year and even into next year’ Pic: Dylan Vaughan

In the dairy heartland of Ballyragget in Co Kilkenny, James O’Reilly is something of an outlier – a tillage farmer. Working in a part of Ireland synonymous with permanent grasslands and dairy cows, he is committed to tillage, growing a variety of staple crops such as barley, wheat, oats and rapeseed.

While his neighbouring dairy farmers will depend on Glanbia to deliver them a decent milk price this year, it is to Chicago,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Harris: ‘Encourage children to build a career in construction’

Fresh warnings of house price hikes amid concern over building materials inflation

Company Watch: Planning issues are biggest threat to house building, says Glenveagh boss

CRH reports strong profit growth for the first half of 2021