The valuation of land suitable for agricultural use has become increasingly complicated over the past 30 years as issues such as food security and land restitution have been placed on the political and social agenda of not only South Africa, but also of the international community. The shift in the status of farming from the “family farm” to that of a managed business entity with a focus on profitability and sustainability have also forced the valuation profession to adjust its approach to the valuation of agricultural land. Legislation pertaining to land use and especially the access to and use of water for agricultural purposes have further impacted the valuation process. These complexities are further compound by the expectations of the different stakeholders in the agricultural industry on the outcome of the valuation report prepared by the valuer.
Given the above, the choice of valuation provider by the client is therefore of critical importance.
PPE Valuations have extensive experience in the valuation of all types of agricultural properties, including grain, fruit (pome, stone, grape & citrus), livestock as well as small holdings and lifestyle properties. Not only do we value the land, but we are also experienced in the valuation of the plant and equipment used in the agro-processing industry.
With the ever-increasing cost of farming and processing equipment due to rising inflation and weaker exchange rates, the impact of breakages and destruction by fire or other catastrophic events have highlighted the importance of short-term insurance to the agricultural industry. PPE Valuations are also here suitably qualified to provide an up to date replacement value of all property, plant and equipment for any farming or agro-processing property.