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Valuation of Plant Biological Assets on the Example of Rapeseed

In: Global Versus Local Perspectives on Finance and Accounting

Author

Listed:
  • Dawid Obrzeżgiewicz

    (Poznań University of Economics and Business)

Abstract

The objective of the present study is to point the reader’s attention to the problem of valuation of plant production in progress and to answer the following question: which method more adequately accounts for the specificity of agricultural activities—fair value or historical cost? The article presents the results of empirical research on the valuation of plant production in progress using the historical cost and the income (fair value) methods. Empirical studies consisted in the valuation of a rapeseed plantation of 1 ha for each month in the period from the preparation of the cultivated field for sowing rapeseed until the moment of rapeseed harvesting. Empirical studies, as well as critical literature analysis, demonstrated that valuation with use of fair value-based methods more adequately reflected the value of plant production in progress. However, it should be remembered that this valuation does not take into account the meteorological risk associated with agricultural activities.

Suggested Citation

  • Dawid Obrzeżgiewicz, 2019. "Valuation of Plant Biological Assets on the Example of Rapeseed," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Global Versus Local Perspectives on Finance and Accounting, pages 307-318, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-11851-8_29
    DOI: 10.1007/978-3-030-11851-8_29
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