price of leased land

That’s fairly unhelpful for the OP @Grueller

Would leased ground not be more useful this year with lads not able to drive on owned ground with fertiliser?

Tis an impossible question to answer though Dinzee too without having context. I have land long term at €280, no entitlements it's naked land.

Conacre depending on quality in North Wexford is from €250 to €480 is the range I am hearing on the grapevine and give the entitlements back is common. Does that answer help? Probably not with the range and without knowing quality etc.

For the last few years around here land was making in and around €200 - €250 / acre. But this year there is very little of it moving & what I am hearing is mad money, 2 dairy lads got stuck in to 35 acres up the road, €13,000 is what was on it on Friday. Know the two boys and to see them you wouldn't think either of them would be the sort to give that sort of money for land. No entitlements with it either

Paying €150 the other side of my own ditch for 25 acres that I can cut silage off. Thought it plenty till I saw the posts above.

Also you’d find that naked land can make a lot more because you’ll have lads with spare entitlements they need land for bidding on it. If they have entitlements worth say €150-€200 an acre to go on it then paying €350-€400 is the same as giving €150-€200 for land with entitlements. Normally around here if entitlements are with the land they have to be paid back to the owner so they’re only a headache really for the lad taking it.

Yeah it’s naked land so leasing entitlement’s. Leaves the land closer to €100 an acre.

Thats low but agreed 🤣

There's not a drystock enterprise that'll come near it for profit

First of all the 300/ acre if achievable probably includes BPS or you have to sell it on.

Assuming a 60 acre farm or 24HA.

The 18K is not totally tax free you pay PRSI and USC if under 65. A d USC if over it.

That 10% minimum. The auctioneer will take another 3-4%. Add in a 150/year for solicitor and stamp duty over lifetime of contract. 18 gross is about 15.3k net. You will probably need to insure the farm as well costing another 7-800 euro leaving 14.5k

Sixty acre farm will generate approx 7.5k in BPS, 4k in GLAS and 2.2k in ANC or 13.7k I. Payments. Any lad in drystock worth his salt will have a net margin if 200/acre giving another 12k.

Because you are an active farmer you get to write off a fair bit of stuff. 2/3's of cars costs, phone, electricity etc.there is the ability to write off other costs as well.

Again I don't believe your figures and you shouldn't mislead people the way you do.

€300 is without BPS, The entitlements I've rented out is taxed alright, The other land thats rented with entitlemnts is grossing over €400/ac tax free including BPS. the auctioneer was 5% the first year, haven't seen him since. Farming 10 acres I get to write off all the expenses you mentioned.

Also if I was young enough I could have a salary as well so all in all, financially I should've leased years ago,

‘Any lad in drystock worth his salt will have a net margin if 200/acre’

must be a lot of farmers not worth their salt so, given all the talk about farmers losing money……….

Do you mind me asking what part of the country you’re in? It’s certainly not the case in the vast majority of the country.

But even at your rate of €150 an acre that’s still double what Bass is calculating with a 60 acre block for a net spend of €4,300 (€72 per acre)

There is land being rented for €200 an acre around here but they’d be 5 and 10 year leases coming to the end of term and there’s not a hope the leases will be renewed at that value. There’s nothing to be got around here for anything even close to €200 the past few years and I’ve friends in different areas of the country that all say the same.

Yes, mine is leased to three different farmers

What will you do with the new rules coming out that you will have to farm your land to draw down the SFP.

I had a young farmer intereseted in my land, but I was doing a ten year lease and it would've been foolish to take him on as he had no track record of farming

Just heard land up the road from me was taken by a dairy man, 360/acre…

For any lad with good land and not Milking, how would one even come close to it.

320/ac for 2 cut silage till September, you supply fert

350-400 for new land up for lease, entitlements go back to owner

tillage men mostly really

There has to be a good element of gambling on getting entitlements and fear of nitrates etc. going on. The margin on those acres at those prices are razor thin to non existent in most cases.

I'd say this proposed 400/Ha for additional tillage won't help mad prices slow down anyway

Is it possible that some lads bidding up this ground don't yet realise how high input costs have risen and likely to rise? and are basing there figures off last year, probably the best year for farming in my lifetime..

A lad at work today tried to get fert from the coop and was surprised when they told him they weren't taking orders!! Just kinda showed how disconnected some farmers can be from what's going on out there.

The big tillage lads I suspect would know there figures so they obviously see a margin in it at 300 plus an acre for ground, so I dunno

I was told 100 per acre without fertiliser and 150 to 200 per acre with fertiliser.