Influential Factors in the Evaluation of Agricultural Lands in the Huambo Province, Angola

Ezequiel Lote and Fernando Oliveira Tavares ()
Additional contact information
Ezequiel Lote: Faculty of Economics and Business, University of Vigo, 36310 Vigo, Spain
Fernando Oliveira Tavares: REMIT—Research on Economics, Management and Information Technologies, Department of Economics and Management, Universidade Portucalense, 4200-027 Porto, Portugal

Land, 2023, vol. 12, issue 10, 1-18

Abstract: The possession and appraisal of agricultural fields have significant economic and social impacts. The objective of this study is to examine the perception of farmers in the Huambo Province, Angola, regarding the characteristics that enhance and diminish the value of agricultural lands in the process of buying and selling. The utilized quantitative methodology is based on a questionnaire administered to farmers in the Huambo Province. The sample size consists of 644 respondents. The results allow us to conclude that the income generated from farming activities and the presence of infrastructure greatly facilitate the appraisal of agricultural fields. Conversely, the absence of legal ownership documentation and conflicts related to land ownership reduce the value of the fields. The exploratory factor analysis identified seven determinant factors, responsible for explaining 61.334% of the total variance, in the appraisal of agricultural fields: inherent location characteristics of the property, market dynamics related to agricultural fields, the availability of water on the property, proximity to tourist destinations, physical conditions of the fields, the positive externalities generated, and the advantages offered by the fields. We believe that this study will assist appraisers, farmers, and public administration in understanding the factors that positively and negatively impact the appraisal of agricultural fields.

Keywords: agricultural; fields; farmland (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2073-445X/12/10/1823/pdf (application/pdf)
https://www.mdpi.com/2073-445X/12/10/1823/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:12:y:2023:i:10:p:1823-:d:1246700

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

More articles in Land from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().