The Land Price Report 2016 shows that the average price for land across Northern Ireland was £9,815/acre, an increase of £729/acre or 8% on the 2015 figure. The result takes prices back to levels not seen since 2010, the first year of a price survey in Northern Ireland by the Irish Farmers Journal. The survey covered 192 farms and pieces of land with a total of 4,816 acres, which was down on the previous year, indicating that there was some reduction in the supply of land coming to market.

For the purpose of illustration, when translated into euro using a rate of €1 equals 85p, the average price in 2016 was the equivalent of €11,547/acre. This is a reduction of €102/acre on the average quoted in euro for 2015 (when the exchange rate was 78p), but the drop, rather than the increase shown in sterling terms, is due to changes in the exchange rate in 2016.