n Farmer’s Weekly - Specific climate, specific risk - a valuer's perspective : property
|Article Title||Specific climate, specific risk - a valuer's perspective : property|
|© Publisher:||Caxton Magazines|
|Publication Date||Oct 2015|
When purchasing land for farming purposes, climatic factors such as hail and wind must be considered.
In my previous article, we discussed the importance of location when determining the value and price of a farm. Location in relation to relevant markets and unsafe areas were of specific importance. This month's article will concentrate on another major role player in the valuation of farmland: climate.Climate is a critical aspect in determining what and how much can be produced in any particular area, as well as how much a purchaser is prepared to pay for land. It includes aspects unique to an area such as rainfall, temperature, hail and wind.
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