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Farmland price dip continued during 2015

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Robert Ganly: Land less than half the price it was in 2007.

WE might be on the way back from the financial crash but the average price of an acre of agricultural land in the West and North West was over €9,300 less in 2015 than it was in 2007.

The 2015 Land Prices Report from Ganly Walters Auctioneers showed an average land price in the West of Ireland of just under €6,000 an acre (€5,942).

Back in the peak days of ‘The Boom’ in 2007, the average price of an acre of farming land in the West came in at €15,293 – €9,3551 more expensive than last year.

The same trend has been replicated all across the country, according to Ganly Walters – back in 2007, the price of an acre of agricultural land in the Dublin/Wicklow/Kildare region was €30,543 – last year it had dropped down to €12,740.

Agricultural land prices in the West and North West dropped to the lowest figure of recent times back in 2010 – at the peak of the financial depression – when an acre of land averaged out at just €5,386.

While there was a steady increase in land prices in the West of Ireland from 2011 through to 2013 – up from €7,148 to €8,557 – the graph has been going the other way since then.

In 2014 the average agricultural land price in the West dropped from €8,557 to €6,662 an acre and slipped again last year (2015) to €5,942 per acre.

Robert Ganly, Managing Director of Ganly Walters, said that in Donegal, Sligo, Leitrim, Mayo, Roscommon, Galway and Clare, the €5,942 per acre average price was down by a significant 10.5% on the €6,622 per acre paid in 2014. The region recorded 1,820 acres sold in 31 transactions in 2015, he said.

“In the 20 to 49 acre bracket the average price was €6,375, compared to €7,964 per acre in 2014. There were 19 recorded sales in this category. In the next category of 50 to 99 acres, where there were three sales, the average price was €7,062, a 41% increase from the 2014 average of €5,005,” said Robert Ganly.

Almost all across the country the price of farm land in 2015 was less than half of the peak year of 2007 while the drop was even more pronounced in the West and North West region, according to Ganly Walters.

Connacht Tribune

Smiles . . . but little else for farmers

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Minister for Public Expenditure, Michael McGrath and Minister for Finance, Paschal Donohoe, before their presentation of Budget 2022 to the Dáil.

FARM leaders have described this week’s Budget 2022 as ‘underwhelming and disappointing’ for the Irish agricultural sector – with nothing new of any substance in the financial plan for the coming year.

The rollover of the different agricultural schemes – annually worth in the region of €600m – has been one of the few aspects of Budget 2022 that has been welcoming by the farming sector.

An overall budget allocation of almost €1.86 billion has been set aside for the Dept. of Agriculture next year in addition to almost €1.2 billion of EU direct-payment funding.

The farming sector had sought to have a percentage of the carbon tax allocated for the setting up of a new REPS II type environmental scheme – however, this hasn’t happened.

Chair of the IFA’s National Farm Business Committee, Rose Mary McDonagh, told the Farming Tribune that there was really nothing of any significance in the budget for the farming commuity.

“There was a commitment in the Programme for Government that a percentage of the carbon tax would be allocated for the establishment of a new REPS II type scheme but unfortunately this hasn’t happened.

For more, read this week’s Connacht Tribune.

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Connacht Tribune

Farmers urged to stand up and fight

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Out in force: Michael O’Donohoe, Abbeyknockmoy; Pat Gately, Kiltormer; Noel Kelly, Mullagh and Micheál Haverty, Clonberne, at last Friday’s IFA protest rally in Roscommon.

THE Government has been sent a strong message that they must ‘talk to farmers’ and not ‘at them’ following last Friday’s series of rallies across the country, according to Connacht IFA Chair Pat Murphy.

He said that many farmers across the West of Ireland – and all over the country – were now very fearful of the future given the lack of clarity, negotiation and information at what was coming down the track for them over the coming years.

“I’d put it like this. On Friday in Roscommon, I met many, many ordinary farmers who mightn’t have been at a protest ever before who turned out for this one. We were delighted with the turnout at the four venues across the country,” said Pat Murphy.

He said that the three main issues that kept coming up with farmers were the eco scheme elements of the new CAP; the future of the suckler cow sector; and the lack of ‘real negotiations’ that the Government had undertaken with the farming representatives.

An estimated 400 farmers turned out for the Connacht rally outside Hyde Park in Roscommon which followed on from the first early-morning gathering in Cavan.

The third ‘afternoon rally’ took place in Portlaoise while the biggest turnout of the day was in Cork for ‘the night event’, which attracted an estimated 3,000 people.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

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Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

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The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

A battle for survival!

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Huge turnout sought for farmer rallies on Friday.

IN the weeks and months ahead, Irish farming faces one of its biggest challenges. The recently-passed Climate Action Bill means Ireland has to reduce greenhouse gas emissions by 51%. This leaves the Government with one of the biggest policy challenges in the history of the State.

They selected this target without any consideration of the consequences for the economy, or for Irish farming. Shortly, the Government will publish carbon budgets, and Sectoral Emissions Ceilings. This will include a legally-binding emissions ceiling for Irish agriculture.

Because of this, every policy pursued by the Government is now designed to reduce output and hit our most productive farmers. This will have huge consequences for Irish farming. Already, the Government is talking about having a ‘stable national herd’.

There is no such thing as a ‘national herd’. We have over 100,000 cattle herds in this country, with an average of fewer than 70 animals. These cattle are owned by farmers, not the State. The livelihoods of thousands of farmers and their families depend on these herds. We cannot place a new quota on these farmers.

IIn the coming weeks, our Minister will also finalise his plan for Ireland’s next CAP programme for 2023-27. Based on the current proposals, 25% will be sliced off every farmer’s Basic Payment to fund Eco Schemes.

Many farmers will not be able to qualify.  Those who do, will suffer significant compliance costs. As a result, some of our most productive farmers will see their incomes devastated. These Eco Schemes are cuts, not ‘rewards for environmental actions’ as some in Government are describing them.

The EU rules allow our own Government to reduce the percentage cut for Eco Schemes below 25%. The Minister must pursue this and the schemes must be designed in a way that allows our most productive farmers to get a larger Eco Scheme payment.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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