LVM 207 – Agricultural Valuation
Course Title: Agricultural Valuation
Prerequisites: None
Number of Units: 3
Course Description: Valuation of agricultural properties with emphasis on their productivity
Course Objectives:
By the end of the course, the student should be able to:
● Explain and relate common terminologies used in appraising agricultural properties;
● Relate the key elements of the land, i.e. biophysical, socio-economic and institutional, that influence the value and management of a property;
● Differentiate the various types of valuation techniques relevant to agricultural properties and the purposes for undertaking agricultural property assessment;
● Illustrate GIS applications in agricultural property appraisal;
● Analyze agricultural enterprises and their impact on agricultural property values; and
● Summarize the basic theoretical and practical concepts used in agricultural land valuation.
Course Outline:
Module 1. Introduction to Agricultural Valuation
Module 2. Land in the Agricultural Landscape
Module 3. Types of agricultural land use
Module 4. Water Resources and Management in Agriculture Module 5. Agricultural Land Management
Module 6. GIS Applications for Agricultural Valuation