Green Gold Rush: Forestry Sales Reach Unprecedented Heights – Tradeforus Reports

"Forestry Sales Surge to Record Levels as Demand Soars, Reports Tradeforus Forestry Ltd."

Forestry sales in Ireland have reached an “all-time high”, with year-on-year increases ranging from 15% to 25%, according to Tradeforus Forestry Ltd. The company states that typical prices for bare land range from €7,000 to €8,500 per acre, depending on factors such as location, access, land quality, and plot size. Premium plots of Sitka Spruce, depending on their age, are being sold for up to €10,000 per acre, while smaller plots or those with poorer site values can go for as low as €3,500 to €5,000 per acre.

Lorraine Woulfe, the office and auction manager at Tradeforus Forestry, has noted a significant interest in forestry investment at present. She highlights that investments are coming from institutional forestry investment funds, semi-state companies, and farmers. Woulfe also reveals that there are currently almost 23,000 landowners who own forestry in Ireland. While buyers are primarily interested in commercial conifer plantations, there has been a recent increase in people interested in purchasing broadleaf plantations. Crop age, yield class, time to clearfell, and remaining premiums to be drawn are all key factors affecting valuations.

Woulfe believes that the recently announced forestry programme, along with the push to make a real impact on climate change and sustainability, are driving the increase in forestry values. She emphasizes that these factors are underpinning the growing interest in forestry investment.

On the other hand, the Social, Economic, Environmental Forestry Association of Ireland (SEEFA) predicts that less than 1,500 hectares of new forestry will be planted this year. The association, representing private foresters, made this claim as new data reveals that only 12 additional afforestation licenses were granted by the Department of Agriculture, Food, and the Marine (DAFM) in the third week of January. Furthermore, the data shows that 17 afforestation applications have been made to DAFM, with only 18 hectares of forestry planted so far this year.

Given the increasing demand for forestry sales, Tradeforus Forestry advises forest owners considering selling their forestry or forestry land to seek advice from a specialist in the sector. The company emphasizes the importance of leaving no stone unturned in the sale process, comparing it to selling a house, as it can only be sold once.

Matt Lyons

Matt Lyons

Matt Lyons is the founder of Forestry & Carbon. Matt has over 25 years as a forestry consultant and is invoilved in numerous carbon credit offset projects.

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