AI Summary & Key Takeaways
AI InsightIn calculation of tree values, firstly the land value without tree was deducted from land value with tree, then this value was divided to the number of trees in decare.
📌 3 Key Takeaways
Abstract
In this research, tree and land values of peach orchards in Selçuk district of Izmir have been determined by the income capitalization approach. Data was collected by survey from 86 farmers who were determined by proportional sampling. The average capitalization rate for the research region was calculated as 5.75%. But, 6% and 7% capitalization rates were used for the calculation of the values of peach orchards and comparing the results. Land value without tree of peach orchards was calculated as 5758.24 TL/da and 4546.42 TL/da in 6% and 7% capitalization rates, respectively. Tree and land values for 5, 10 and 15 ages of peach orchards were determined. At this stage, the past values approach was used. In calculation of tree values, firstly the land value without tree was deducted from land value with tree, then this value was divided to the number of trees in decare.