By R.G. Williams
Agricultural Valuations, now in its fourth variation is written through a practicing agricultural valuer who has been operating in estate for over 50 years. His research updates contemporary alterations to tenant correct valuations, advancements, furniture, milk quotas and dilapidations. the writer makes use of a number of instance claims and valuations which make clear fresh pipeline and electrical energy line wayleave claims, notices to therapy breaches, including probate, source of revenue tax and obligatory buy valuations. additional chapters care for the guiding ideas of the way to properly price farms, verify farm rents, perform arbitrations, inventories and documents of situation. valuation clauses on revenues of farms, farm animals, soils, administration agreements, valuation in courtroom court cases and a word list of precious details. This functional, yet exact identify could be valuable to scholars, agricultural valuers and land brokers who're seeking to be stored apprised of latest most sensible practices. the writer used to be provided the 'Kenneth Glenny' Prize through the vital organization of Agricultural Valuers whilst the 1st version used to be released in 1984. seeing that then the publication has been elevated stated so far to mirror alterations that experience happened to rural communities.The writer, a member of a North Wales farming relations, was once Senior associate of Coles Knapp and Kennedy, Ross-on-Wye. An skilled farmer himself, he retains farm animals and sheep, grows arable vegetation and in addition grows cider apples and hops in Herefordshire. He used to be concerned for over 25 years in education applicants for the exam of the relevant organization of Agricultural Valuers and for a few years the RICS TPC in agricultural perform. . transparent and obtainable recommendation . convenient advisor for surveyors who perform agricultural valuations (arable and farm animals) . correct felony situations and remark
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Extra resources for Agricultural Valuations: A Practical Guide
The value of the commodities is published in the weekly reports, as published in Farmers’ Weekly. Then apply the following formulae: ME (Average cost of energy feeds × 39) – (Average cost of protein feeds × 14) 213 Note: The figures 39, 14 and 213 will remain constant. 6 and 213 will remain constant. These unit values can then be multiplied by the energy and protein contents of the silage (bearing in mind its dry matter) to give a basic value for the silage as follows: Unit Price ME × ME% × DM%/100 + Unit Price CP × CP% × DM%/100 The resulting value may be adjusted by any of the following factors to reflect a proper value of the silage in question and taking into account transaction evidence of silage value where: (a) Ammonia levels Adjustment Ammonia % 0–10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% Adjustment Nil –1% –2% –3% –4% –5% –7% –9% –11% –13% –15% –17% –19% –21% Ammonia % 24% 25% 26% 27% 28% 29% 30% 31% 32% 33% 34% 35% 36% 37% Adjustment –23% –25% –28% –31% –34% –37% –40% –43% –16% –49% –52% –55% –58% –60% 13 Agricultural Valuations (b) Starch content Formula is: Silage value corrected for starch = silage value × 100 (120 – starch %) (c) Other relevant factors The value of the silage should be adjusted having regard to factors such as exceptional and inferior quality, position of clamp on the farm, time of year and whether clamp is open or under cover and whether properly covered.
If nitrogen applied is up to 250kg per ha annually, and the land concerned comprises permanent pasture or long term leys, the cost of the lime applied is depreciated over nine years where the MAEWR is less than 250 mm and over five years where it is more than 500mm. In cases when the rainfall is between 250 and 500mm the depreciation is over seven years. Note 1: For period of one year following the application of the lime the value shall be its cost applied. 33 tonnes per ha and (ii) the cost of lime recommended in scientific advices relating to the condition of the soil.
This includes purchased hay, straw, etc, and any of the other items, in all 41, which are listed. Note, however, that silage or haylage are not included in this list. 2 Compensation is payable where no crop has been taken from the resultant farmyard manure or slurry made and on a diminishing scale for crops taken, both after one and two growing seasons. Different rates apply where the crop is fed on the holding and where the product of the manuring, eg hay sold off, is removed from the holding.