What price milk quota?

Min

Reading the farming Independent and land was sold with milk quota and it made 53c a litre.
Last year in the milk quota trading scheme it made 31c a ltre in Dairygold and 32c a litre in Glanbia and it is expected to be higher this year.
So what will the price be this year?

Cavanjack

Min wrote: »

Reading the farming Independent and land was sold with milk quota and it made 53c a litre.
Last year in the milk quota trading scheme it made 31c a ltre in Dairygold and 32c a litre in Glanbia and it is expected to be higher this year.
So what will the price be this year?

Bit misleading that article i think. Its assuming the land would have made 7k an acre without the quota. Who's to say the land wouldn't have made 8k or more an acre without quota. Good land in meath ive always been told! That would value quota at closer to 30c

keep going

dont belive what a farm is supposed to have sold for at the moment,most sales are not going through.

irishh_bob

keep going wrote: »

dont belive what a farm is supposed to have sold for at the moment,most sales are not going through.

true , its hard to know the real price of land at the moment , im convinced the farmers journal only report the top prices paid

6600

8 acres of good land with old two storey house sold for €114k in Oulart, Co. Wex last week to local farmer. Fronting a main road. House needed new roof and gutting inside by looks of it but not a complete write off. Say if house + site worth €50k that makes the land worth €8,000/ac. Only farmers were interested

irishh_bob

6600 wrote: »

8 acres of good land with old two storey house sold for €114k in Oulart, Co. Wex last week to local farmer. Fronting a main road. House needed new roof and gutting inside by looks of it but not a complete write off. Say if house + site worth €50k that makes the land worth €8,000/ac. Only farmers were interested

not an outrageous price , he has automatic planning permission

Username John

6600 wrote: »

8 acres of good land with old two storey house sold for €114k in Oulart, Co. Wex last week to local farmer. Fronting a main road. House needed new roof and gutting inside by looks of it but not a complete write off. Say if house + site worth €50k that makes the land worth €8,000/ac. Only farmers were interested

Is that not expensive?

Like, I dunno about the house + site worth 50k, maybe it is, but would you find someone to pay 50k?
So it still leaves the buyer with only 8 acres for 114k.

6600

True, but land was always expensive. Not so long ago that would have made €300k and the farmer next door wouldn't have a chance. I just mentioned it as its an up to date real price. Smaller bits of land usually are that bit more expensive per acre too.
It gives some hope that a farmer could buy an extra bit of land IMO. There was no hope at all for the last 10 years. Maybe less credit is a good thing?

irishh_bob

its interesting that the price of land is falling despite the fact that incomes from agriculture have increased dramatically in the past year and a half , goes to show you , the 20 k per acre during the boom had nothing to do with farmers , with banks not lending , land could fall another bit yet even milk and beef prices remain good , one thing is sure , farmers will have no competition from builders for donkeys years to come

whelan1

was amazed at the attitude of farmers today at our discussion group meeting , most of them are way over quota and are doing nothing about it, they where saying if you dry off cows now its along time til next february... like now is the time to cop on me thinks

Bogman Billy

whelan1 wrote: »

was amazed at the attitude of farmers today at our discussion group meeting , most of them are way over quota and are doing nothing about it, they where saying if you dry off cows now its along time til next february... like now is the time to cop on me thinks

And that is the complete opposite of the farmer mentioned above that supposedly paid 53c/litre for 80k gallons (€190,000!!!!!!!) of qouta. (but as mentioned above who's to say the land would have sold at 7k/acre, could have went more, could have went less!)

Who's right and who's wrong?! Time will tell.

Just on that, how much would the seller have got for the quota if it was sold through the creamery?! Surely not anything near 53c

sh1tstirrer

irishh_bob wrote: »

incomes from agriculture have increased dramatically in the past year and a half

Bob you didn't by any chance check out the price of fertilizer, meal and other farm inputs lately