The most expensive average price for farmland in the country last year was in County Waterford.

The best quality land in Waterford now costs €20,000 per acre, according to a new report  from the Society of Chartered Surveyors of Ireland (SCSI) and Teagasc.

There was double-digit growth in the price of farmland in Ireland last year, increasing 11% on 2022.

This year, auctioneers and valuer members of the SCSI forecast the price of land will still rise at a rate of 6%.

The average price of good land in Ireland in 2023 was €12,308 per acre.

The second-most expensive county for land behind Waterford was in Tipperary, where prices averaged €17,599 per acre.

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