Specialised Agribusiness Valuations

Specialised Agribusiness Valuations is just that.
It is a business that prides itself on providing valuations and advice, focused in the rural and agribusiness sector for difficult to value properties where there are limited transactions.

Specialised Agribusiness Valuations is a rural property valuation business.

It specialises in, but is not limited to, valuations of income producing agricultural assets, including land and buildings, plant and equipment and intangibles such as contracts, business value and goodwill. Specialised agribusiness valuations also undertake valuation of less complicated rural properties and rural lifestyle properties.

Specialised Agribusiness Valuations specialises in the wine and viticulture industry but also has wide experience in poultry (egg layer farms including breeder, rearing, commercial egg production and serum production, broiler chickens, pullet, cockerel and duck farms), dairies and cheese operations, market gardens (broad acre, intensive, poly and glass house, protective cropping systems), flower farms, irrigated farms (including cropping and turf production), nurseries (commercial seedling and retail), fodder, grazing and cropping operations, aquaculture and telecommunication and energy sectors.

Specialised Agribusiness Valuations undertakes land and buildings valuations, in use valuations, in use as part of a going concern valuations, going concern valuations, business valuations and valuations of biological assets. These valuations can be at the date of inspection or at a retrospective date.

Specialised Agribusiness Valuations undertakes valuations for many different purposes including insurance, finance, financial reporting, family law, expert witness, pre-purchase, rating appeals, taxation appeals, loss assessment and compulsory acquisition.

Specialised Agribusiness Valuations uses the principle of highest and best use, and market value as defined by the Australian Property Institute as the basis of all valuations:

  • Highest and Best Use
    The use of an asset that maximises its potential and that is physically possible, legally permissible and financially feasible
  • Market Value
    The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.  In addition to market value, fair value can be utilised for financial report purposes:
  • Fair Value
    The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date

Specialised Agribusiness Valuations uses the three valuations approaches as main methods of valuation being direct comparison, income approach cost approaches as recognised by International Valuation Standards Committee and the Australian Property Institute.  These three approaches are described below:

  • Market approach –
    A valuation approach which provides an indication of value by comparing the subject asset with identical or similar assets for which price information is available.
  • Income approach –
    A valuation approach that provides an indication of value by converting future cash flows to a single current capital value.
  • Cost approach –
    A valuation technique that reflects the amount that would be required to replace the service capacity of an asset (often referred to as current replacement cost). This is a valuation approach based on the economic principle that a buyer will pay no more for an asset than the cost to obtain an asset of equal utility, whether by purchase or by construction.