The Society of Chartered Surveyors Ireland

Company Background 

The Society of Chartered Surveyors Ireland (SCSI) is the leading professional body for construction, land and property professionals in Ireland.

Industry Challenge 

The markets for sale and rental of agricultural land allow for the reallocation of agricultural land and as such are important indicators of the farm productivity and ultimately, the income performance of the farming sector.

SCSI & Teagasc identified an information gap, whereby the provision of annual data on agricultural land markets (prices and volumes transacted) and associated information on the drivers of agricultural land markets activity could provide significant insights on Irish agriculture.

Solution 

A collaboration was established to bring together the resources and capabilities of both Teagasc economists and SCSI professional staff to design and analyse an annual survey of SCSI members concerning the economic state of the Irish agricultural land.

The now annual SCSI/Teagasc Agricultural Land Market review provides information on the intensity of agricultural land market activity (sales and rental) and market prices for agricultural land in Teagasc economists also provided economic analysis on the state of the Irish agricultural economy which, together with wider macroeconomic developments, remains the key drivers of activity on Irish agriculture land markers.

This information provides real estate professionals, policy makers and agricultural industry stakeholders with information on the functioning of Irish agricultural land.

Engagement Type 

This research was part funded by the State via the DAFM Stimulus funded Project Agricultural Land Markets.

Impact to Company 

This engagement has enabled the production of this now annual survey and improved the information provided to SCSI Clients.

Testimonial 

“The Society of Chartered Surveyors Ireland values the opportunity to work with Teagasc to inform its client base about developments in the Irish Land Market and factors that will influence the land market in the coming years.” 

Edward McAuley, SCSI 

“Through its network of members, the Society of Chartered Surveyors Ireland, is capable of providing Teagasc with information on land market developments from those engaged in the land market on a daily basis.” 

Jason Loughrey, Teagasc