NON-MARKET METHODS OF AGRICULTURAL LAND VALUATION IN UKRAINE
2015
Andriy Popovych
The article investigates the issue of agricultural land valuation in Ukraine in the absence of free land market. The study finds that government established methods of land appraisal have major shortcoming due to the outdated results of agricultural land appraisal. However, the results of estimation of panel data models suggest that there is significant relationship between the soil appraisal score and cereals crop yields. This suggests that the existing method has sound basis for the use of soil fertility data for the agricultural land appraisal.
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