A Research on the Determination of Income and Cost Elements Affecting the Capitalization Rate in Crop Lands: A Case Study of the Central District of Bayburt

In order to appraise the field plots correctly, it is necessary to know the annual net income and costs and, accordingly, the capitalization rate that may apply to the property in question. In this research, the factors affecting the capitalization rate for agricultural lands in the Central District of Bayburt Province are tried to be determined. Data obtained through face-to-face surveys from 80 agricultural enterprises in the region of the study were used. The data obtained cover the production year 2016 - 2017. According to the results obtained; The general average of gross product is 322.83 ₺ / da. The general average of total expenses is 116.95 ₺ / da, and their ratio in Gsh is 36.23%. The average of the underwriter's capital interest provision is 10.33 ₺ / and its ratio in Gsh is 3.20%. The average of the remuneration for manual labor is 53,26 ₺ / da and its ratio in Gsh is 18,70%. The average of the tax expenses is 2.58 ₺ / da, and its rate in Gsh is 0.80%. Among the lands, the highest income was determined in irrigated fields operated by the owner with 196,01 ₺ / da. The current sales value of the farm lands operated by the owner has been calculated as 2.986,31 ₺ / da.