€5.5m guide price put on 206ac Limerick dairy farm
IRELAND - With expansion on the minds of many progressive dairy farmers, the auction of a 206ac dairy farm in Co Limerick is sure to attract serious interest next month
13 February 2007
1 minute read
As a dairy farm, the property is well set up, with 133 cubicles and a ten-unit herringbone milking parlour.
The sale includes a milk quota of 43,746gal and a significant single farm payment of €21,500 per year.
Milking around 60 cows, the owner had bought significantly more quota since 2000 but this had to back into the restructuring scheme. He is now retiring.
Auctioneer Basil Ruttle from GVM Rathkeale has set a guide price of €5.5m for the farm, which would seem to be on the conservative side, given the large prices paid for a number of large dairy farms last year.
These include Noard House, a 207ac farm with 150,000gal quota near Thurles in Co Tipperary which sold for €8.55m and Scorduff House, a 295ac farm on the Tipperary/Offaly border.
Complete with two houses, 262,500gal milk quota and €44,000 single farm payment, it was sold for more than €10m.
Mr Ruttle said the customer for the Coolballyshane farm would most likely be a farmer who has sold land for development or has been affected by the ongoing N8 road building.
Source: Business Xtra
