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Non-Market Valuation of Agriculture, Pasture and Forest Lands affected by Public or Private Investments - Scientific Monograph (Hardcover)
Loot Price: R3,428
Discovery Miles 34 280
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Non-Market Valuation of Agriculture, Pasture and Forest Lands affected by Public or Private Investments - Scientific Monograph (Hardcover)
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Infrastructure, energy or other large-scale public or private
projects require acquisition, easement or rental of agriculture,
pasture or forest land. Beside the specific country's laws and
regulations, investors have to follow various benchmarks applied by
funding institutions as international standards. Together, these
standards are designed to assure that adverse impacts on people,
their rights, livelihoods, culture and environment are avoided or
at least minimized, mitigated, offset and/or compensated. For these
purposes, these projects are planned in remote rural areas, were
there is a lack of land market because of limited transactions. A
critical issue in this this process is a fair economic valuation of
agriculture, pasture or forest land using non-marked based
valuation methods for compensation purposes. This scientific
monograph proposes some simple yet solid methods to value
agriculture, pasture or forest land which could be applicable by
the local or central administration without necessarily requiring
on complex methodologies requiring data which are generally not
available. More importantly, such methodologies are also difficult
to understand by the landowners making the public consultation
process non-transparent. The methods applied have been tested with
success in several large-scale projects involving acquisition,
easement or rental of land parcels in different soil and climatic
conditions belonging to thousands of owners. A series of template
will help the valuators to integrate all the variables and
standardize data presentation. It can serve as a reference to
comply with land easement and acquisition strategies and
aforementioned international standards, for example, the
Performance Requirements of the European Bank for Reconstruction
and Development (EBRD), Performance Standards of the International
Finance Corporation (IFC).
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