This Joint Regulation establishes the modalities for assigning values to long-term land leases held by farmers to ensure credit recovery by commercial banks. The Regulation applies only to land transferred to commercial banks as security for loans granted to farmers. Valuation of such leases shall be calculated as the average net profit for a land unit for the previous three years. If a farm has been operating for fewer than three years, the amount shall be calculated based on a similar plot of land located in the same area.
Authors and Publishers
Author(s), editor(s), contributor(s):
Gnetii, Vsevolod (CONSLEGB)
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