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dc.contributor.authorEves, Alfred C.en
dc.date.accessioned2011-04-18T03:12:32Z
dc.date.issued2007en
dc.identifier.urihttps://hdl.handle.net/10182/3459
dc.description.abstractOver the past 20 years the nature of rural valuation practice has required most rural valuers to undertake studies in both agriculture (farm management) and valuation, especially if carrying out valuation work for financial institutions. The additional farm financial and management information obtained by rural valuers exceeds that level of information required to value commercial, retail and industrial by the capitalisation of net rent/profit valuation method and is very similar to the level of information required for the valuation of commercial and retail property by the Discounted Cash Flow valuation method. On this basis the valuers specialising in rural valuation practice have the necessary skills and information to value rural properties by an income valuation method, which can focus on the long term environmental and economic sustainability of the property being valued. This paper will review the results of an extensive survey carried out by rural property valuers in Australia, in relation to the impact of farm management on rural property values and sustainable rural land use. A particular focus of the research relates to the increased awareness of the problems of rural land degradation in Australia and the subsequent impact such problems have on the productivity of rural land. These problems of sustainable land use have resulted in the need to develop an approach to rural valuation practice that allows the valuer to factor the past management practices on the subject rural property into the actual valuation figure. An analysis of the past farm management and the inclusion of this data into the valuation methodology provides a much more reliable indication of farm sustainable economic value than the existing direct comparison valuation methodology.en
dc.format.extent1-23en
dc.language.isoenen
dc.publisherLincoln University.en
dc.relationThe original publication is available from - Lincoln University.en
dc.rightsCopyright © The Authoren
dc.sourceSustainable Human Settlements for Economic and Social Development Conferenceen
dc.subjectrural landen
dc.subjectrural economicsen
dc.subjectrural land valuesen
dc.subjectfarm managementen
dc.subjectland useen
dc.subjectrural land investmenten
dc.subjectsustainable land useen
dc.titleCurrent rural valuation practice: a survey of valuers and agribusiness managers on farm management and sustainable rural land useen
dc.typeConference Contribution - Published
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Land Management and Systemsen
pubs.finish-date2007-05-05en
pubs.notesPaper presented at the International Conference on Sustainable Human Settlements for Economic and Social Development, 7th AFRES Conference, 2nd to 5th May 2007. Livingstone, Zambia: The African Real Estate Society and The Commonwealth Association of Surveying and Land Economy (Africa and Europe).en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/LAMS
pubs.publication-statusPublisheden
pubs.start-date2007-05-02en
dc.publisher.placeLivingstone, Zambiaen
lu.subtypeConference Paperen


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