The performance of Ireland’s afforestation programme including meeting the 30% target for planting broadleaves has come under scrutiny in recent years. This is due to the drop in new planting since 2007 and the decrease in average broadleaf planting since 2012. The drop in broadleaf planting coincided with ash dieback, which wiped out the annual ash afforestation programme, then at 760ha or 30% of the overall broadleaf planting programme. The reasons for the reduction in the coniferous afforestation programme are more complex. While income generation in annual premium payments and log prices is high and climate change benefits should be creating a positive environment for afforestation, the programme continues to falter. The reasons include land availability, or non-availability, planning restrictions, competing land use schemes and the replanting obligation. Also, factors such as ash dieback and windblow highlight the risk factors associated with investment in forestry.