Improving the estimates of agricultural land valuation: report to the World Bank
Résumé
In this report, we survey some recent results obtained in the economic literature in order to improve the estimates of agricultural land wealth provided by the World Bank. In particular, we study how to better estimate land returns growth rates and how to include uncertainty. We also examine how to review the rental rates parameters used in the Net Present Value of land. Finally, we suggest ways to include climate change and land degradation impacts.