The SCSI has published a research paper on a Forestry index, the first of its kind in Ireland. The index is the product of a study of recent sales of commercial forestry plantations nationwide which is broken down into age, location, lot size and yield.
There has been significant growth in private ownership of forestry land in Ireland during the last thirty years. This has largely been driven by a combination of demand from Irish farmers for small holdings (incentivised through the availability of grants and premiums) and, particularly within recent years, demand from institutional investors and international investment funds for larger holdings and forestry portfolios.
The data collected for this study suggests forestry land values experienced a drop in the average price per hectare between 2011 and 2012, falling by 18% from €9,697 per hectare to €7,991. However, values have increased year-on-year in the years since and currently stand at €9,838 per hectare.
To download the index, please click here.