lslauctions, Author at LSL Auctions News

Eligibility for affordable home scheme allows high earners to qualify

There is an allocation of €60m this year to deliver around 550 homes under the Affordable Housing Fund, a scheme signed into law by Housing Minister Darragh O’Brien. But it has emerged that the just-published regulations of the scheme will allow home buyers on incomes of up to €100,000 qualify for it. Sinn Féin’s Eoin Ó Broin’s view is that, “The eligibility criteria are far too broad and would see…

Fertiliser prices have increased by 149%

Fertiliser prices were up by 149% year on year to March 2022, according to the Central Statistics Office (CSO). Energy and feed prices increased by 54.9% and 22.6% respectively. Milk prices are up by more than 32%, while cattle prices are more than 22% higher on an annual basis. Food price inflation is likely to get worse as higher energy costs continue to impact the economy. An average food basket…

July interest rate hike on the cards

As the anticipated July interest rate hike looms, Central Bank of Ireland governor Gabriel Makhlouf said at a recent Ibec national council meeting that the current deposit rate of minus 0.5% should be “in positive territory by early next year”. He added that “the first move in the European Central Bank’s interest rates will happen soon after net asset purchases end”. Bond-buying under the ECB’s asset purchase programme was introduced in late 2014.…

New Bord Bia Global Hub on Pembroke Road

Last week, Bord Bia hosted Food Academy: Taste of Local as their first partner programme at its new Global Hub on Pembroke Road, Ballsbridge. Bord Bia’s new office facilities have been designed to showcase Ireland’s agri-food sector both at home and internationally – a sector that exported €13.5 billion worth of food and drink last year – the equivalent of exporting almost €37 million worth of food and drink every…

Investment across 260 recreational forests and 12 forest parks

Minister for Rural and Community Development, Heather Humphreys TD, has announced €15 million in funding as part of a new five-year strategic partnership with Coillte designed to boost rural tourism. Some 260 recreational forests and 12 forest parks will receive investment as part of the initiative. This will result in improvements being carried out to some 3,000 kilometres of walking trails and cycleways in a major boost to outdoor tourism…

Online Auctions – Monday’s Calendar 16/05/2022

Monday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

Micro-Renewable Energy Federation punts renewable energy for farming

The new Fine Gael agricultural group has been urged by the Micro-Renewable Energy Federation (MREF) to seize the opportunity presented by renewable energy for farming. Eddie Downey has been selected to head up the party’s new National Agricultural, Food and Rural Development Forum. The MREF has welcomed a commitment given by the forum to prioritise a support scheme for farmers keen to invest in renewable energy and develop an additional income…

ICMSA to reduce members’ milk levy contribution

ICMSA, the Irish Creamery Milk Suppliers’ Association, announced this week that it will be reducing the milk levy contribution paid by its members by 33%. This reduction in the levy will apply for the remainder of 2022. The levy is based on a percentage of milk value. The decision was apparently made in the face of the extraordinary rise in farm input costs. “The year 2022 has been unprecedented so far with…

€20.6 million LIFE IP Wild Atlantic Nature project launched

A €20.6 million LIFE IP Wild Atlantic Nature project was officially launched yesterday, 13 May 2022, at Ballycroy, Co. Mayo by Minister of State for Heritage and Electoral Reform at the Department of Housing, Local Government and Heritage, Malcolm Noonan, and Minister of State for Land Use and Biodiversity at the Department of Agriculture, Food and the Marine, Senator Pippa Hackett. LIFE IP Wild Atlantic Nature primarily aims to deliver…

Spring lamb supply volume on the up in NI

The Livestock and Meat Commission (LMC) has confirmed that spring lamb supplies have increased in the past few weeks in Northern Ireland (NI). In keeping with seasonal trends, spring lamb numbers have been stepped up lately and accounted for 52.4% of throughput last week in NI. Base prices from factories for spring lambs this past week have ranged from 610-620p/kg up to a 21kg carcass weight. Prices at the start…

Online Auctions – Saturday’s Calendar 14/05/2022

Saturday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

LSL Select Price Report – Sheep Mart 29/11/2022

LSL Select Price Report – Sheep Mart 13/05/2022

Friday’s selected Sheep Mart Price Report: Copyright LSL Auctions. LB 20-30KG Avg Price/Kg2.98/kgHighest Price/Kg Lots:, 22kg 3.69/kg 80.00, 29kg 3.17/kg 92.00, 26kg 2.69/kg 70.00, 29kg 2.38/kg 68.00 LB 30-40KG Avg Price/Kg2.66/kgHighest Price/Kg Lots:, 35kg 3.17/kg 111.00, 33kg 3.15/kg 104.00, 37kg 3.10/kg 114.00, 36kg 2.72/kg 98.00, 34kg 2.70/kg 93.00, 34kg 2.60/kg 87.00 LB 40-50KG Avg Price/Kg3.31/kgHighest Price/Kg Lots:, 46kg 3.85/kg 178.00, 43kg 3.85/kg 165.00, 42kg 3.76/kg 160.00, 49kg 3.76/kg 184.00, 43kg…

LSL Select Price Report – Cattle Mart 13/05/2022

Friday’s selected Cattle Mart Price Report: Copyright LSL Auctions. SC 400-500KG Highest Price/Kg Lots:CHX, 490kg 2.31/kg 1130.00SIX, 460kg 1.96/kg 900.00 SC 500-600KG Avg Price/KgAAX 2.00/kgLMX 2.30/kgHighest Price/Kg Lots:SIX, 580kg 2.71/kg 1570.00LMX, 555kg 2.34/kg 1300.00LMX, 550kg 2.25/kg 1240.00AAX, 590kg 2.25/kg 1330.00SHX, 555kg 2.13/kg 1180.00AAX, 590kg 2.10/kg 1240.00 SC 600-700KG Avg Price/KgCHX 2.51/kgLMX 1.92/kgHighest Price/Kg Lots:BA, 670kg 2.87/kg 1920.00BBX, 675kg 2.74/kg 1850.00CHX, 610kg 2.62/kg 1600.00CHX, 625kg 2.56/kg 1600.00CHX, 615kg 2.34/kg 1440.00SAX, 610kg…

Macra na Feirme queries forgotten farmer issue

Farm group Macra na Feirme has raised the forgotten farmer issue, saying that farmers must receive the support “that they have missed out on”. They have requested that the Minister of Agriculture clarify plans to address promises indicated in the media as far back 2021, which alluded to the fact that forgotten farmers would get a once off-payment of around €5,000 per farmer. Reports at the time also specified that…

Free events every day during National Biodiversity Week

National Biodiversity Week starts today, 13 May, running until 22 May, 2022. Over 100 nature-related events will take place across Ireland. This year’s focus is to be launched by Minister of State for Heritage and Electoral Reform, Malcolm Noonan, Irish Environmental Network’s chief operating officer (COO) Justin Byrne, and Heritage Council CEO Virginia Teehan at Enniscoe House on the shores of Lough Conn in Co. Mayo. Minister Noonan has commended the…

Youghal Stadium – Greyhound Racing Ireland Trial & Auction – 14/05

Youghal Greyhound Stadium is hosting Greyhound Racing Ireland Trial & Auction via LSL Auctions on Saturday 14 May, 2022 in Ring 1 at 8:30am. See the catalogue: Here. Register to bid: Here. Contact Youghal Greyhound Stadium on: +353 61 448052. Please note:– Live streaming is supported on latest version of Microsoft Edge, Google Chrome, Firefox web browser on desktop computer and mobile devices. If you are having issues, please try…

Shortage of rental stock impacts home market rents

Property website daft.ie has released its latest report, which shows that market rents in the first three months of 2022 were almost 12% higher than those in the same period last year. The summation is based on the rents that property owners are seeking from perspective tenants, and doesn’t reflect what tenants are paying in existing tenancies. The average market rent between January and March stood at €1,567 per month,…

More construction workers needed to reach climate targets

A lack of construction workers is threatening Ireland’s ability to hit climate targets, an Oireachtas committee was told last week. And new skills are needed for those who are retrofitting older buildings. The Joint Committee on Environment and Climate Action is examining the National Retrofitting Plan. Dean of Flexible and Work Based Learning at the Technology University of the Shannon, Seamus Hoyne, pushed for new ways of attracting workers to…

Online Auctions – Friday’s Calendar 13/05/2022

Friday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

LSL Select Price Report – Cattle Mart 15/08/2022

LSL Select Price Report – Cattle Mart 12/05/2022

Thursday’s selected Cattle Mart Price Report: Copyright LSL Auctions. DC 400-500KG Avg Price/KgFRX 1.77/kgHighest Price/Kg Lots:LMX, 495kg 2.63/kg 1300.00FRX, 465kg 2.09/kg 970.00HEX, 475kg 2.06/kg 980.00FRX, 445kg 1.71/kg 760.00FRX, 470kg 1.51/kg 710.00 DC 500-600KG Avg Price/KgCHX 2.59/kgFR 1.96/kgFRX 1.87/kgLMX 2.70/kgSIX 2.13/kgHighest Price/Kg Lots:LMX, 580kg 2.72/kg 1580.00LMX, 585kg 2.67/kg 1560.00CHX, 510kg 2.65/kg 1350.00CHX, 560kg 2.64/kg 1480.00CHX, 595kg 2.47/kg 1470.00SIX, 575kg 2.35/kg 1350.00 DC 600-700KG Avg Price/KgCHX 2.55/kgDC 2.31/kgFR 2.15/kgFRX 2.06/kgHEX 2.32/kgLMX 2.48/kgHighest…

LSL Select Price Report – Sheep Mart 05/08/2022

LSL Select Price Report – Sheep Mart 12/05/2022

Thursday’s selected Sheep Mart Price Report: Copyright LSL Auctions. SHEEP 20-30KG Avg Price/KgSHEEP 3.56/kgHighest Price/Kg Lots:SHEEP, 28kg 3.71/kg 103.00SHEEP, 26kg 3.42/kg 90.00 SHEEP 30-40KG Avg Price/KgSHEEP 3.48/kgHighest Price/Kg Lots:SHEEP, 34kg 3.85/kg 130.00SHEEP, 36kg 3.83/kg 138.00SHEEP, 36kg 3.81/kg 137.00SHEEP, 37kg 3.76/kg 140.00SHEEP, 39kg 3.69/kg 145.00SHEEP, 37kg 3.66/kg 137.00 SHEEP 40-50KG Avg Price/KgSHEEP 3.27/kgHighest Price/Kg Lots:SHEEP, 41kg 3.79/kg 156.00SHEEP, 42kg 3.77/kg 159.00SHEEP, 42kg 3.76/kg 160.00SHEEP, 42kg 3.76/kg 156.00SHEEP, 44kg 3.72/kg 165.00SHEEP, 43kg…

Cairn Homes expects total build cost inflation

Build cost inflation could average at 6%, says Cairn Homes

Commentary from Cairn Homes indicates that it expects total build cost inflation of around 6% for 2022. This would encompass infrastructure, materials and labour. In a trading update ahead of its AGM this week, the company said that build cost inflation figures are uncertain, adding that it anticipates this will remain at elevated levels in the near future. The company also shared that its medium-term targets are to build up…

Murtagh Bros – Rathbracken, Granard, Co. Longford – 12/05

Murtagh Bros brings to auction via LSL Auctions a property at Rathbracken, Granard, Co. Longford on 12 May 2022 at 15:00. Lot: 1 Superb c.31.5 acres of elevated land with good road frontage, laid out in neat tidy divisions, renowned for its fattening abilities. See the catalogue: Here. Register to bid: Here. View details: Here. Contact Murtagh Bros on: +353 44 934 2512. LSL Auctions, LSL News.

Mortgage rates rise ahead of pending ECB increases

Central Bank of Ireland figures from March 2022 show that mortgage rates in Ireland are among the most expensive in the Eurozone. That’s second only to Greece. Yet rates are starting to increase, ahead of a possible rise in European mortgage rates as early as July. A first-time buyer in Ireland will take out a mortgage of about EUR 270,000, paying EUR 176 extra per month or EUR 2,100 per…

Pledges made by processors for pig price increases

In the wake of protests at various locations by The Irish Farmers’ Association (IFA) on 10 May, 2022, it appears that commitments have been made by a number of secondary processors to pass back pig price increases coming from primary processors. Roy Gallie, Chair of the IFA Pigs Committee, comments that “Major secondary processors have committed to supporting pig farmers and understand the very serious situation that farmers are in.…

Rural residents and those with children bearing the brunt of high fuel prices

AA Ireland says fuel prices are rising again with diesel now close to EUR 2 per litre. Motorists are spending EUR 2,000 per year to keep their cars going. And the cost of running the average car is up by EUR 700 per year since 2020. However, the Government excise duty cut of 20c per litre on petrol and 15c on diesel will endure until August. An iReach survey conducted…

LSL Select Price Report – Sheep Mart 11/05/2022

Wednesday’s selected Sheep Mart Price Report: Copyright LSL Auctions. LB 30-40KG Avg Price/KgLB 3.41/kgHighest Price/Kg Lots:LB, 38kg 3.92/kg 149.00LB, 38kg 3.74/kg 142.00LB, 39kg 3.67/kg 143.00LB, 38kg 3.66/kg 139.00LB, 36kg 2.06/kg 74.00 LB 40-50KG Avg Price/KgLB 3.63/kgHighest Price/Kg Lots:LB, 42kg 3.88/kg 163.00LB, 42kg 3.88/kg 163.00LB, 43kg 3.84/kg 165.00LB, 42kg 3.83/kg 161.00LB, 42kg 3.81/kg 160.00LB, 42kg 3.81/kg 160.00 LB 50-60KG Avg Price/KgLB 3.19/kgHighest Price/Kg Lots:LB, 50kg 3.4/kg 170.00LB, 50kg 3.34/kg 167.00LB, 51kg…

LSL Select Price Report – Cattle Mart 06/12/2022

LSL Select Price Report – Cattle Mart 11/05/2022

Wednesday’s selected Cattle Mart Price Report: Copyright LSL Auctions. DRYCOW-F 400-500KG Highest Price/Kg Lots:AA, 480kg 2.56/kg 1230.00HEX, 445kg 1.98/kg 880.00 DRYCOW-F 500-600KG Avg Price/KgSIX 2.04/kgHighest Price/Kg Lots:LMX, 595kg 2.62/kg 1560.00LM, 595kg 2.18/kg 1300.00SIX, 590kg 2.15/kg 1270.00SIX, 540kg 2.07/kg 1120.00CHX, 540kg 1.93/kg 1040.00SIX, 570kg 1.89/kg 1080.00 DRYCOW-F 600-700KG Avg Price/KgHEX 2.07/kgLMX 2.17/kgSIX 2.47/kgHighest Price/Kg Lots:SIX, 675kg 2.95/kg 1990.00LMX, 610kg 2.54/kg 1550.00CHX, 645kg 2.47/kg 1590.00AU, 675kg 2.37/kg 1600.00SIX, 655kg 2.24/kg 1470.00SIX, 600kg…

Online Auctions – Thursday’s Calendar 12/05/2022

Thursday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

IFA highlight the need for better prices for pig meat

The IFA protested at four locations across the country yesterday, highlighting the need for food processor price increases. Pig farmers find themselves at breaking point and are losing €55 per pig sold, and Roy Gallie, the IFA Pigs Committee Chairman, shared that improved prices are desperately needed in order for the sector to survive. Locations targeted by the IFA included outside Pilgrims Food Masters in Shillelagh. Gallie commented that “We…