With almost 12% of the total land mass of Tipperary afforested those who invested 15 to 20 years ago are now set to reap a bonanza, according to SWS Forestry, one of Ireland’s leading forestry companies.
Joe Fitzgerald, area manager for Tipperary said the early planted part of the national estate is now in the timber production phase and returning attractive dividends to these pioneers. “Those who took the longer term view will now see their investments returning dividends. Not alone has the land value increased but they are now set to reap up to €10,000 an acre, once timber production commences,” he said. Although the sector is still in its infancy, it has a lot more to deliver, he said. “We must capitalise on this extraordinary natural resource to build a sustainable industry that will keep on delivering to farmers, investors and the wider community,” he said. Using forest residue to produce heat and power is relatively new in Ireland but it is well tried and tested in Europe.