FCERM appraisal: valuation of agricultural land and output
Valuation of agricultural land and output for FCERM project appraisal - for risk management authorities (RMAs) and project teams.
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This guidance has been updated in March 2026.
This is guidance to support you with FCERM project appraisal. You should have read the FCERM appraisal guidance manual before using this document.
This guidance helps you make adequate adjustments for agricultural benefits in your economic appraisal. These allow for the effects of government support to farmers on land values.
This guidance looks at 3 common scenarios encountered in FCERM appraisals where land and agricultural output would need to be valued.
These include:
- where land is abandoned
- where there are occasional losses
- where agricultural output changes
Updates to this page
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Updated due to FCERM funding policy guidance published in early March 2026. Added the new January 2026 valuation of agricultural land and output for appraisal purposes document.
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First published.