Rural & Agricultural property valuation
Whether it concerns the sale, purchase, financing or acquisition of agricultural or rural real estate, a valuation is unavoidable. A property owner needs a detailed valuation report in which the value of the property is clearly substantiated.
The reasons why an agricultural property valuation is necessary can vary. The owner may need it for financial purposes if, for example, there are plans to buy or sell agricultural property. But also for renovations, sustainability investments, expansions, downsizing or refinancing a mortgage. In addition, a valuation may be required for tax purposes, such as in the case of a business takeover, entering into or terminating a partnership or a donation. Whatever the reason, a valuation report from a recognized valuer is required in all cases.
Improve the valuation process
Agricultural valuation is often more complex than valuing a regular office building. It is quite a sum: because how many plots do, for example, belong to an agricultural company? What is the yield of milk? And how many hectares of land belong to the real estate object? But also: is it about livestock farming, greenhouse horticulture or arable farming? All these factors contribute to the final valued worth of the property.
KATE is in the middle of the agricultural real estate market. Over the past two years, 6,000 agricultural valuations have been performed using KATE software. Together with working groups from the various industry associations, we look every day at how we can improve the KATE platform in order to speed up the valuation process. Brainbay and Agrimeter mainly assist in finding references that are readily available in the KATE software, and therefore in the final report.