Estimation of the monetary or "market" value of land for the purpose for which it is currently used, e.g. farming.
Land tenure changes are on the rise throughout the world as a result of increased migration from rural to urban areas, expansion of infrastructure, commercial pressures on agricultural land, extractive activities, and climate change. Shifts in land tenure arrangements are proceeding through compulsory acquisitions (i.e. expropriations) and voluntary market transactions, such large-scale land leases and concessions.