Ways to improve land assessment methods in Azerbaijan

Abstract

Motives: The article examines various approaches to improving the assessment of agricultural land in Azerbaijan. The quality, potential productivity, and normative price (value in monetary terms) of farmland need to be determined to increase production and competitiveness of agricultural products, to establish favourable land relations that meet modern requirements, and to promote efficient land use. The existing methods of assessing the quality and economic value of farmland for the needs of the land cadastre and determining the normative prices of land do not fully correspond to reality. Different and often contradictory approaches to land assessment have been proposed.Aim: The aim of this study was to optimize the methods of assessing the quality and economic value of agricultural land, determining the normative prices of land, and evaluating potential land productivity in view of modern requirements.Results: Improvements in land valuation will promote reliable assessments of agricultural development and the establishment of efficient farming systems; they will improve agricultural land-use efficiency and reliable determination of normative prices in market transactions involving agricultural property. These methods can be widely used to plan agricultural production, evaluate the operations of various types of farms, improve remuneration policies in the farming sector, determine the optimal scope of farming operations in view of natural conditions and economic factors, and resolve other issues to promote the development of agricultural production.