This report provides an overview of the performance of land values in the Irish agricultural land market during 2023 and key developments that impacted this performance.
After a strong first half of the year with land values rising by a significant 7.2%, the second half of 2023 saw the pace of growth falling to a more moderate 2.6% according to the Sherry FitzGerald Agricultural Land Barometer. This brings the increase for 2023 as a whole to 10%, marginally lower than the 11.5% growth recorded in the previous year.
This slowdown during the second half of the year reflects the impact of reduced output prices, poor weather conditions and higher lending costs.
