Tipperary has the most expensive agricultural land in Munster, and fourth most expensive overall in the country

A new report has found that Tipperary has the most expensive land in Munster, and fourth most expensive overall in the country with good quality land fetching just over €18K per acre.

The most expensive land overall is in Wexford where the average price of an acre of good quality land is €19,226.

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The report found that the average national price for good quality agricultural land in 2025 was €14,126, an increase of 7% on the previous year. The average national price for poor quality agricultural land was €6,963 per acre, an increase of 5% on the previous year.

The data  was released by Teagasc and SCSI auctioneers and valuers, who are forecasting a modest growth in land prices and rental rates for 2026, with both the price of agricultural land and rental values expected to increase by 4% on average this year.

At provincial level rental prices are expected to rise by 3% on average in both Leinster and Munster and by 5% in Connacht and Ulster.

However, while land prices are expected to continue on a steady upwards trajectory, the outlook this year is notably more cautious than in recent years. SCSI auctioneers and valuers say their caution reflects uncertainty over output prices, rising costs and broader economic and geopolitical uncertainties.

The report finds that disruptions to energy markets arising from the US/Israeli war with Iran have contributed to increases in fuel, fertiliser and other input prices across Europe with knock-on implications for agricultural production costs and farm profitability.

 Land Rental Prices

Land rental prices remained relatively stable in Leinster, as land used for grazing/meadowing/silage increased slightly to €299 per acre while land used for grazing only remained broadly unchanged. Rental values for cereal crop land declined by 4% to €306 per acre, while land used for other crops such as maize sugar beet and beans, recorded a strong increase of 9% to €383 per acre.

By contrast, Munster recorded substantial increases across most land uses, reflecting strong demands for land in the region. Land for grazing/meadowing/silage increased by 19% to €350 per acre, while grazing-only land rose by 17%. Cropping land also recorded strong growth, with rental values for cereal crops increasing by 23% and potato land increasing by 27%, indicating particularly strong demand for specialised crop production land.