By R.G. Williams
The best replace to a consultant that provides helpful recommendation on agricultural valuations
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Extra resources for Agricultural Valuations : a Practical Guide
Value (folded off) per acre £120 per ha £297 23 This page intentionally left blank 5 Tenant’s Pastures The basis of valuation for tenant’s pasture is either of two kinds. 1 Cost basis This basis is to be used where no crop has been removed by mowing or grazing and when sown on land held under a spring or autumn tenancy. The value is the reasonable cost of seeds sown, cultivations, fallows and acts of husbandry performed, also taking into account any expenditure incurred solely for the benefit of the pasture before the removal of any crop in or with which this pasture was sown.
2 Face value basis This basis is applicable where one or more crop has been taken by mowing or grazing. In assessing the value of any particular pasture, the following shall be taken into account. (a) Present condition. Is it a good quality ley, well established, of a good seeds mixture, clean and free from weeds, especially grass weeds such as couch? (b) Has it been properly managed since sowing? Leys can be ruined by undergrazing. (c) Is there water available for stock? (d) Is the fencing good and stockproof?
B) Lime applied to field in regular arable cropping after four growing seasons. Cost including delivery and spreading was £500. Average of 350kg N per ha applied annually. 210 mm MAEWR. Claim will be: Cost depreciated for 8 years = half off cost £500 = £250. 1 This type of claim was introduced by SI 1978 No 809 and this has since been amended by SI 1980 No 751 and later by SI 1983 No 1475. 2 This claim is intended to compensate an outgoing tenant for increased fertility resulting from leaving more pasture (and thus with more inherent fertility) than he1 is required to, under the terms of the tenancy agreement.