The first ever 32-county agricultural land price report shows that over the last four years prices have fallen by 57%. Research for the report was carried out by the Irish Farmers Journal.
The national average price for an acre of agricultural land in 2010 was just under €8,800 - down 14.5% on the year before.
Last year the biggest fall in prices for agricultural land was experienced in counties Offaly, Sligo and Louth. In Cavan, Waterford and Kildare prices fell the least.
Agricultural land in Dublin costs more than any other county - at €13,00 an acre, followed closely by Kildare. Land in Roscommon, Mayo and Offaly was the cheapest at close to €5,500.
The Irish Farmers Journal's report found that the price of land in two counties - Carlow and Leitrim - increased.
In Northern Ireland the average price of an acre of agricultural land is €11,000.
