Article
Version 1
Preserved in Portico This version is not peer-reviewed
Determinant Factors for Agricultural Fields Appraisal
Version 1
: Received: 30 June 2023 / Approved: 3 July 2023 / Online: 4 July 2023 (03:43:49 CEST)
How to cite: Lote, E.; Tavares, F.O. Determinant Factors for Agricultural Fields Appraisal. Preprints 2023, 2023070108. https://doi.org/10.20944/preprints202307.0108.v1 Lote, E.; Tavares, F.O. Determinant Factors for Agricultural Fields Appraisal. Preprints 2023, 2023070108. https://doi.org/10.20944/preprints202307.0108.v1
Abstract
The possession and appraisal of agricultural fields have significant economic and social impacts. The objective of this study is to examine the perception of the factors that contribute to the value of agricultural fields and those that diminish their value in the appraisal process. The utilized quantitative methodology is based on a questionnaire administered to farmers in Huambo Province, Angola. The sample size consists of 644 respondents. The results allow concluding that the income generated from farming activities and the presence of infrastructure greatly facilitate the appraisal of agricultural fields. Conversely, the absence of legal ownership documentation and conflicts related to land ownership reduce the value of the fields. The exploratory factor analysis has identified seven determinant factors in the appraisal of agricultural fields: inherent location characteristics of the property, market dynamics related to agricultural fields, the availability of water on the property, proximity to tourist destinations, physical conditions of the fields, the positive externalities generated, and the advantages offered by the fields. We believe that this study will assist appraisers, farmers, and public administration in understanding the factors that positively and negatively impact the appraisal of agricultural fields.
Keywords
agricultural; fields; farmland
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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