Farmland prices in Fermanagh fall
The value of farmland in Fermanagh has fallen by more than a quarter, a major land price report has revealed.
While the Irish Farmers Journal’s land price report last year brought good news to landowners across the county, with survey finding the average land price in Fermanagh had jumped by more than 10 percent in 2019 to hit an average of £ 7,952 per acre, this report of the year makes for a less optimistic reading.
According to this year’s report, which estimates 2020 prices, the average price per acre in Fermanagh has fallen 27% to £ 5,776 per acre. It is the lowest in the North and among the lowest in all of Ireland.
The situation is even worse for mountain farmers, with the above price “for land that can be characterized as arable, cut for silage or good quality pasture,” according to the Journal. His report found that for grazing hills and pastures, the price averaged £ 2,895 per acre.
Local MP Jemma Dolan said she was “disappointed but not surprised” by the findings of the reports, which also revealed that Leitrim also had one of the lowest land prices in the country.
“As a representative of Fermanagh and as a member of a farming family, I firmly believe that the extremely low average land value of £ 5,776 per acre is due to the fact that Fermanagh is designated at 91.8% as a natural constraint zone (ANC) or severely disadvantaged land (SDL), ”she said.
“This restricts farming options and introduces additional challenges such as an extended winter season and additional forage costs.
“If we compare the average land prices with County Armagh, which is 17% designated by the ANC and where the average price per acre is £ 13,914, the difference to Fermanagh is staggering.”
As reported in last week’s Herald, Ms Dolan had asked for support for a private member’s bill in the Assembly calling for more support for farmers in the local hills and those in the ANC and SDL areas, by restoring the payments to Fermanagh farmers that farmers in the South always get.
“In the past, farmers in Fermanagh and other marginal areas benefited from the less-favored areas compensation allowance and then the ANC payment, but since it was abolished a few years ago, farmers are feeling extra pressure, ”she said.
“This is why it is important that farmers and rural dwellers support the legislation that has been tabled by Sinn Fein to restore the ANC payment.”
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Posted: 2:30 p.m. April 1, 2021