The farm at Rathbracken, Granard was sold at an online auction yesterday.

Over €15,000 per acre for midlands farm

A number of committed bidders featured in a Murtagh Bros auction for a 31.5 acre farm at Rathbracken, Granard yesterday, Thursday 12 May.

Dillon Murtagh of Murtagh Bros, who conducted the auction, said: “This property is laid out in neat divisions, and following a lot of interest we had a competitive auction. The farm went on the market at €410,000, and the hammer fell after achieving a sale figure of €497,000.”

That figure of €15,777 per acre shows great confidence among buyers in the agricultural sector in the midlands, said Mr Murtagh.