Orchard belongs to the agricultural land but it requires land and fruit trees as a requisite, which makes it different with dry fields and paddies. For example, orchard often consists of various kinds, varieties, ages of fruit trees. Also, fruit trees have limited life span of its economic value but their value increase within a certain period. Specifically, a land owner and a fruit trees’ owner can be different in terms of law and related systems often treat fruit trees as independent things.
The main appraisal method for orchard is sales comparison approach on the land and the fruit trees collectively. Due to the nature of the orchard, it is difficult to find comparable cases of sales and it is problematic to make an appraisal of the land and the fruit trees collectively when examining related system. Thus, there is much confusion and difficulty in appraisal practices.
The purpose of this study is to analyze the present condition and problems of orchard appraisal and elicit the improvements and considerations. The results of the study are as follows: First, for improvements it is recommended ① To implement the appraisal of the land and the fruit trees individually. ② To apply comparison approach method of official land price for the land and sales comparison method for the fruit trees (which allows cost approach method or income approach method as an exception). Next, for considerations it is necessary to ① Be faithful to the reasonableness check and have the related contents stated on the appraisal report. ② Implement scrupulous review when applying sales comparison method ③ Implement faithful investigation on the affiliated facilities and write investigation results on the appraisal report.