Prix de vente des fermes au Québec. Divergence de vue entre les besoins des cédants et des repreneurs

Ouellet, D.; Perrier, Jean Philippe

doi:10.4000/economierurale.5412

Cited by 4 publications

(1 citation statement)

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“…Finally, practitioners could investigate whether the novel method, suggested by Ouellet and Perrier (2018) to account for the specificity of farmers who transfer to retire, is feasible. Transferors who are heading towards a new stage in their life will be faced with financial needs which depend on their plans, the retirement pension they can expect and the savings they already have.…”

Section: Discussion and Concluding Remarksmentioning

confidence: 99%

Farm valuation: A comparison of methods for French farms

et al. 2022

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Farm transfer is increasingly seen as fundamental to the development of agriculture. One of the major challenges is to assess farm value in the context of an opaque market for farms. We contribute to the scarce literature on farm valuation by empirically applying three valuation methods to the Farm Accountancy Data Network database for France in 2017 and 2018 and for five types of farming. The three methods-the fundamental method, the patrimonial method, and the financial method-are well known for the valuation of companies, but have yet to be implemented widely for farms in the empirical literature. The results show that wine-growing farms have the highest values on average. Pig and beef farms have high average patrimonial values, reflecting their high capital intensity, but beef farms have the lowest average values calculated with methods based on cash flows, revealing unfavorable market conditions for these farms. The results further reveal that total farm output drives the value upward, but that high farm labor, indebtedness, and age contribute to reducing value. Our findings also highlight that, in practice, the differences in values across methods may be substantial.

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Section: Discussion and Concluding Remarksmentioning

confidence: 99%