Farm prices down but stability is expected

Farmland prices fell significantly last year for the third year running, but a levelling off is expected by the end of this year, according to new figures from Knight Frank Ireland.

23rd January, 2010

Farmland prices fell significantly last year for the third year running, but a levelling off is expected by the end of this year, according to new figures from Knight Frank Ireland.

The firm’s annual national agri-survey found that, in the past 12 months, prices have fallen by 54 per cent nationally.

The national average price paid for farmland in 2009 was €9,678 per acre, compared with an average price of €21,145 per acre nationally in 2008.

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