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Chiwuzie, A, Dabara, D I, Prince, E M, Ajiboye, B O and Olawuyi, S T (2020) Housing-related attributes and the changing structure of preferences. African Journal of Built Environment Research, 4(1), 37-58.

Gasu, M B (2020) Residents' satisfaction with the use of green infrastructure in Osogbo, Osun State, Nigeria. African Journal of Built Environment Research, 4(1), 1-19.

Ibrahim, A G, Garba, M M, Okoli, O G, Zubairu, I K, Dahiru, D and Usman, J (2020) Properties of reactive powder concrete produced with unrefined metakaolin and gear inner wire. African Journal of Built Environment Research, 4(1), 81-95.

Ijaola, I A and Idoro, G I (2020) Modelling the relationship between task characteristics and training of site supervisors in Nigerian construction firms. African Journal of Built Environment Research, 4(1), 59-80.

Kwaghsende, F K (2020) Assessment of social networks in informal solid waste recycling activities and sustainable solid waste management, North Central Nigeria. African Journal of Built Environment Research, 4(1), 21-35.

Olatunji, A, Adama, U, Adoga, A, Ojetunde, I, Adewale, S and Nwuba, C C (2020) Valuing an underperforming agricultural entity in Minna, Nigeria as a specialised property. African Journal of Built Environment Research, 4(1), 97-115.

  • Type: Journal Article
  • Keywords: agricultural entity; case study; Nigeria; performance; questionnaire survey; specialised properties; valuation standards
  • ISBN/ISSN:
  • URL: https://doi.org/10.33796/ajober.4.1.06
  • Abstract:
    In the absence of clear standard guides for valuing distressed agricultural properties undergoing buyouts, valuers resort to a valuation template prescribed for specialised property. This study examined the anecdote that the Valuation Standards template for valuing specialised property, suffices for valuing a non-performing agricultural entity, NPAE. Data from a purposive case study of OxFarm and questionnaire survey of 29 commercial farms in Minna environs were applied using qualitative theme analysis. The study analysed the existing valuation standards template for specialised properties and conducted a benchmarking of NPAEs with specific emphasis on OxFarm case study. A collective grade point index, CGPI, was developed to assess and classify selected farms' operational performances. The study found that the general standards for valuing specialised property do not fully recognise the operational performance state of agricultural entities. It is recommended that the recognition of operational performance status of an identified specialised property and the application of combined techniques in the choice of bases and methods matching the purpose of valuation couldprovide a pathway to best practices in valuing NPAEs. The study has implications for research and practice.