VALUE ASSESSMENT OF FRUIT ORCHARDS BASED ON THE COSTS OF ESTABLISHMENT

Mirjana Lukač Bulatović; Katarina Đurić; Todor Marković

doi:10.59267/ekoPolj2403821L

Authors

Mirjana Lukač Bulatović University of Novi Sad, Faculty of Agriculture, Novi Sad, Serbia https://orcid.org/0000-0002-1660-9748
Katarina Đurić University of Novi Sad, Faculty of Agriculture, Novi Sad, Serbia https://orcid.org/0000-0003-4587-4855
Todor Marković University of Novi Sad, Faculty of Agriculture, Novi Sad, Serbia https://orcid.org/0000-0002-2188-9713

DOI:

https://doi.org/10.59267/ekoPolj2403821L

Keywords:

Fruit Orchards, Value Assessment, Investment Expenditures, Costs of Orchard Maintenance and Care

Abstract

The necessity for value assessment of fruit orchards (an orchard as a whole and/or individual fruit trees grown therein) arises in instances of the damage or destruction of orchards caused by climatic factors, intentional harm, expropriation, the construction of public facilities at the orchard site (such as highways, railways, power lines, etc.), changes in ownership, and expert mediation in various legal disputes. The value assessment of orchards based on the total costs of establishment involves determining all expenditures incurred from the very establishment of the orchard until its full development, id est until reaching such productivity that the value of production exceeds the incurred production costs and the annual annuity payment. The theoretical-methodological procedure for assessing the value of fruit orchards based on the total costs of establishment, or their cultivation value, is illustrated using a peach orchard as an example.

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