The Valuation of Olive (Olea europaea L.) Orchards: A Case Study for Turkey

S. ENGINDENIZ, M. YERCAN and H. ADANACIOGLU

Ege University, Faculty of Agriculture, Department of Agricultural Economics Bornova, Izmir, Turkey

Abstract

ENGINDENIZ, S., M. YERCAN and H. ADANACIOGLU, 2010. The valuation of olive (Olea europaea L.) orchards: a case study for Turkey. Bulg. J. Agric. Sci., 16: 615-621

Valuation of orchards is important in condemnation, taxation, loan, insurance, inheritance, and purchase-sale cases. The approach to be used for orchards may vary according to the purpose of appraisal, age of the establishment, obtainable data, and according to the current regulations. In this study, land and tree values of olive orchards in a selected region from Turkey were determined by income capitalization approach. For this aim, four villages have been selected and data have been collected from 55 farmers selected randomly. While determining the value of the olive orchards with trees, past values approach was used. The capitalization rate for income capitalization approach was determined as 5.32%.

Key words: capitalization rate, orchards, income capitalization approach, olive, valuation

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