The South West sold the least agricultural land in 2020

The South West – Cork and Kerry – was the region where the smallest volume of farmland was sold in 2020, according to new figures released today by the Central Statistics Office.

Nationwide, 29,031 acres of farmland were sold nationwide for a median price of €6,992 per acre in 2020 – a notable drop in land volume from 61,997 acres in 2019.

The South East region – made up of Wexford, Carlow, Kilkenny and Waterford – was the most expensive region to buy land in 2020, with 2,093 acres sold at a median price of €10,645 per acre.

Meanwhile, the West of Ireland (Galway, Mayo and Roscommon) was the least expensive region while having the highest volume of farmland sold, with 6,412 acres of land sold at a median price of 4,625 € per acre.

53% drop in volume sold

The total value of agricultural land sold nationally in 2020 was €176.1 million.

This volume of farmland sold represented 0.25% of all available farmland in Ireland and a 53% decrease in the overall volume of land sold compared to 2019.

The highest value of farmland sold in Ireland was in the Midlands, worth over €40 million.

The smallest volume of land was sold in the South West region where 605 acres were sold in 2020, with the lowest total value of €4.45 million – with only 38 transactions having taken place.

Arable land made up 4.7% of the total farmland sold in Ireland, but it accounted for 7.95% of the total value of farmland sold.

Outside of Dublin, the most expensive price per acre of arable land was in the Midlands region with a median price of €14,351 per acre in 2020.

The highest median price per acre of permanent grassland was in the southeast at €10,944 per acre.

The lowest price per acre for arable land was in the Middle East – Kildare, Meath, Wicklow, Louth – with a median price per acre of €9,660 per acre and the lowest price per acre for permanent grassland was in the western region at €4,625 per acre.

Amalia H. Mercado