The purpose of the article is to consider the institutional foundations of the rational use of agricultural land in a multicultural economy. The formation of land use is faced with the acute problem of organizing a sustainable competitive land use, ensuring a high level of marketability of production and a sufficient level of profitability in conditions of the developing land market. This article discusses the rational use of agricultural land in a multicultural economy, taking into account structural and resource indicators. The efficiency of land use in farms with different land ownership depends on increasing labour productivity, strengthening the economic regime, increasing the intensification of production, using internal reserves and agricultural production opportunities, and, especially, rational use of land. The greatest efficiency of production and use of land has been achieved in large agricultural formations, where high-performance equipment is used, crop rotations are observed, and there is greater availability of credit resources, subsidies, and leasing. The monitoring data of the Committee of the Republic of Kazakhstan on Statistics for 1.01.2020 indicate that 93.7% of peasant farms have a land area of up to 500 hectares. To the greatest extent, small-earth peasant farms have become widespread in the southern region, where the share in the total number of up to 50 hectares is 90.1%, while in the northern region only 8.1%, central — 3.9%, and western — 11.3%. In this regard, the tasks of preserving productive agricultural lands, and optimizing arable land and acreage in terms of quantitative and qualitative characteristics of land become a priority. The solution to these tasks is connected with the improvement of technologies for maintaining and increasing the bio-productivity of agricultural lands, the development of technologies for rational land management, land use, and land protection, the creation of effective organizational and legal mechanisms for managing agricultural lands, as well as the development of state monitoring of agricultural lands. Optimization of land use in farms and agricultural enterprises of based on the proposed methodology, taking into account state support measures, will create a basis for a new stage in the development of land reform and will create incentives for the effective use of agricultural land.

Many studies have unveiled the importance of variation in residential property values overtime, but failed to cover different types of residential property value and location. The aim of this research is therefore to model residential property rental value in Bida from 2015 to 2020 with the aid of Geographic Information System (GIS). The study focused on the rental values of the residential property and rental value variation across space. Data collected for this paper includes residential rental values and geographic coordinates from 196 residential properties in the study area, comprising 101 one-bedroom, 80 two-bedroom and 15 three-bedroom apartments. Inverse Distance Weighted (IDW) interpolation tool of ArcGIS was employed in analysing the data. It was found out that the core areas of the town commands lower rental values while the southern part of the town commands higher rental values. It was also found out that one bedroom apartment is the most dominant residential rental property followed by the two bedroom apartments and three bedroom apartments respectively. Geospatial database was produced for each model in a bid to ascertain the level of changes with time. The benefits associated with the application of GIS technology were established by this research and recommends its application to other property values modelling.