Valuing an underperforming agricultural entity in Minna, Nigeria as a specialised property.

Abstract

In the absence of clear standard guides for valuing distressed agricultural properties undergoing buyouts, valuers resort to valuation template prescribed for specialised property. This study examined the anecdote that the Valuation Standards template for valuing specialised property, suffices for valuing a Non Performing Agricultural Entity, NPAE. Data from a purposive case study of OxFarm and questionnaire survey of 29 commercial farms in Minna environs were applied using qualitative theme analysis. The study analysed the existing valuation standards template for specialised properties and conducted a benchmarking of NPAEs with specific emphasis on OxFarm case study. A collective grade point index, CGPI, was developed to assess and classify selected Farms’ operational performances. The study found that the general standards for valuing specialised property do not fully recognise the operational