Price of agricultural land set to increase
Agricultural land prices should increase by 6% this year, compared to 4% in 2021. Restrictions caused by the pandemic have created supply pressures and increased demand, which has had a knock-on effect on pricing. However, Teagasc and the Society of Chartered Surveyors Ireland released a report highlighting associated inflationary pressures, accelerated by the war in Ukraine, which are also impacting farm input prices and therefore affecting incomes. The rising cost…