The passing of the Land Act has sparked significant interest in land reform and purchase. However, it is important to note the additional costs associated with operating agricultural holdings, particularly in West Limerick. The scarcity of labour has led to a considerable rise in expenses, which may not be fully taken into account during purchase negotiations and the determination of fair rents.
In previous years, farm workers were typically employed for fifteen months at a rate ranging from £3 to £10 per year. However, the current labour market demands higher wages, with workers now commanding as much as £15 to £18. Additionally, farmers are rightfully obliged to provide improved board, further adding to the overall working expenses of agricultural holdings.
These increased costs have implications for both farmers and potential land purchasers. Farmers must consider these rising expenses when calculating their budgets and determining the viability of their operations. It also underscores the importance of fair rents that account for the economic realities faced by farmers in today’s labour market.
For prospective buyers of agricultural land, these elevated farm working expenses should be taken into consideration during negotiations. Understanding the current costs associated with labour and the provision of improved board is crucial for assessing the financial feasibility of land purchase and subsequent agricultural operations.
The correspondent highlights the notable changes in the agricultural labour market, shedding light on the evolving dynamics and challenges faced by farmers in West Limerick. As the region grapples with these increased expenses, stakeholders, including policymakers and landowners, should be aware of the impact on the overall agricultural sector and consider measures to address these issues effectively.
Kerry News – Wednesday 02 December 1903