By R.G. Williams
The right replace to a consultant that gives valuable recommendation on agricultural valuations
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Extra info for Agricultural Valuations : a Practical Guide
3 If the landlord gives an open unrestricted consent (which, incidentally, can also be given after the improvement has been effected) compensation provisions on the termination of the tenancy are governed by section 66 of the 1986 Act, and the amount of compensation shall be an amount equal to the increase attributable to the improvement in the value of the holding as a holding, ie a let farm, and regard has to be had to the character and situation of the holding and the average requirements of tenants reasonably skilled in husbandry.
Farm 150 acres in area and short of modern buildings. This is a good substantial modern building that is needed on the farm and can be put to almost any use, and is expected to last 30 years. It is considered that the erection of this building has increased the rental value of the holding by £2,000 pa. 93 Increase in value of holding £19,860 A tenant has reclaimed an area of 20 acres rough land, including providing certain drainage and fencing works. It is now good pasture with a rental value of £40 per acre which is expected to continue (subject to inflation or deflation) in perpetuity.
4 Growing crop of marrow stem kale Note that this crop is very susceptible to frost damage, and it is most unwise to agree to pay anything much for such crop after Christmas as often frosts render the crop valueless. Marrow stem kale has now lost popularity and hybrid kales, which are generally frost resistant and weather durable crops, are of far greater value. 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.