Abstract:

Valuation of agriculture companies and biological assets are rather specific and not so widely described areas in theory and practice of valuation. Our aim is focused on specific issues in valuation of agriculture business and assets, in particular application of the income approach in cases not covered by valuation standards or standard valuation practice. The study was methodologically based on analysis of the income approach application in case of a specific asset. The major contributions of the study are investigation of the difficulties of the income approach application. Recommendation for valuation of specific assets, as crops valuation are provided.