Grazing and land value
Grazing capacity is not the only factor involved in the valuation of grazing land.
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Let me begin with a startling statement: there is no direct correlation between grazing capacity and grazing land values. The only time that the value of veld or grazing directly correlates with carrying capacity is in budget calculations. This correlation is often made by agricultural economists treading on the professional valuer’s domain.
Read the full article on Farmer's Weekly.