Guidance

FCERM appraisal: valuation of agricultural land and output

Valuation of agricultural land and output for FCERM project appraisal - for risk management authorities (RMAs) and project teams.

• From: Environment Agency
• Published: 1 March 2010

Documents

FCERM appraisal valuation of agricultural land and output

PDF, 104 KB, 7 pages

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Details

This is guidance to support you with FCERM project appraisal. You should have read the FCERM appraisal guidance manual before using this document.

This guidance helps you make adequate adjustments for agricultural benefits in your economic appraisal. These allow for the effects of government support to farmers on land values.

It shows you how to work out the value of agricultural land excluding the effects of the direct single payment transfer to UK farmers. This is known as the EU Single Payment Scheme.

This guidance looks at 3 common scenarios encountered in FCERM appraisals where land and agricultural output would need to be valued.

These include:

• where land is abandoned
• where there are occasional losses
• where agricultural output changes

Published 1 March 2010