According to the Agricultural Land Prices Report published by the Irish Farmers Journal today,the price of farm land increased by 14.3 per cent last year, the first increase in land prices since 2006.
The average price paid for an acre of farm land last year was €9,954. Some 18 counties saw an increase in land prices while eight saw a decrease. Not surprisingly, Dublin recorded the highest average price at €13,724 per acre, followed by Kilkenny at €13,203, Kildare at €13,043 and Wicklow at €12,348.
Leitrim had the lowest average price at €4,517, followed by Mayo at €5,684 and Sligo at €6,446.
The report is based on 1,218 sales of land which involved 63,756 acres, in the 26 counties. Sales were by private treaty, auction and tender.