Search
2024-11-27
Assessing the market value of a pioneering fruit orchard when comparison data are missing: the remote segments approach

November 18, 2024 | Journal of Agriculture and Food Research |

A study conducted by the University of Catania and the University of Messina, Italy, addresses challenges in agricultural land appraisal, particularly in assessing the market value of orchards growing pioneering crops, such as avocados, in regions where such cultivation is new. Traditional methods like the income capitalization approach face difficulties due to the lack of reliable data, especially regarding the capitalization rate, leading to inaccurate results. This paper proposes the Remote Segments Approach (RSA) as an alternative. RSA compares the asset’s segment with one or more remote segments to estimate market value more realistically and conservatively when comparable data is lacking. The study applies RSA to the valuation of avocado orchards in Sicily, where tropical and subtropical fruit cultivation is rapidly expanding due to climate change. The research suggests that as innovative crops continue to grow in Mediterranean areas, using advanced valuation methods like RSA will be essential for accurate land value assessments and better decision-making in agricultural real estate.

Read more

Viewed Articles
Assessing the market value of a pioneering fruit orchard when comparison data are missing: the remote segments approach
November 18, 2024 | Journal of Agriculture and Food Research | A study conducted by the University of Catania and the University of Messina, Italy, addresses challenges in agricultural land appraisal,
Nov 27, 2024
Read More
Are Thailand's mangosteen and durian complementary in the global market?
June 06, 2024 | AGRARIS: Journal of Agribusiness and Rural Development Research |A study conducted by Kasetsart University, Thailand, explored the potential of Thailand's durian fruit to complemen
2024.07.23
Consumers’ interest and willingness to pay for traceable vegetables- an empirical evidence from Bangladesh
February 22, 2024 | Future Foods |An investigation carried out by King Mongkut's Institute of Technology Ladkrabang, Bangladesh Agricultural University, and the University of Arkansas focused on c
2024.10.07
Emerging outsource agricultural services enable farmer adaptation in agrifood value chains: A product cycle perspective
August 21, 2024 | Food Policy| Collaboration among Michigan State University (MSU), the International Food Policy Research Institute (IFPRI), and several global institutions examined the rise of outso
Bio-based solutions for reducing loss and waste of fresh fruits and vegetables: an industry perspective
August 03, 2023 | Current Opinion in Biotechnology |Conducted by the International Fresh Produce Association, USA, this study provides a comprehensive industry perspective on combatting fresh produce
2023.11.23
Multi-omic applications for understanding and enhancing tropical fruit flavor
July 08, 2024 | Plant Molecular Biology |Researchers from Griffith University, Australia, examined the growing consumer demand for nutrient-rich tropical fruits and the challenges in maintaining desir
2024.11.27
TOP