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It is with great sadness we report the sudden death of Michael Packard on Wednesday June 1st 2022.

The family are working through his affairs, and as such, no trading is possible that would usually have occurred through Michael himself, however some books are still available from his distributors.

For anything urgent, email   but please be aware that this address is infrequently monitored.

Your patience and understanding will be appreciated through this difficult period.

The Valuation of Rural Property

The Valuation of Rural Property
  • Date of publication: June 2004
  • ISBN-10: 1 85341 130 2(paperbackk only)
  • Paperback ISBN-13: 978 1 85341 130 4
  • Pages: 212
  • Dimensions: A5 (210 x 148mm)
  • Weight: 320 grams (unwrapped)
Author(s): Peter Prag


Agriculture and the rural economy in general is becoming increasingly diversified. As a consequence, the land market is now more complex and uncertain than before. There has therefore been a growing need for a definitive guide to the principles and practice of rural property valuation.

Using his considerable experience in the rural property field, Peter Prag has filled this need and written a book that is a useful reference for all who are professionally involved with land, and which also provides a unique source of essential practical information for land management students.

To help readers find their way around the different aspects of rural property valuation, checklists are provided at the end of each chapter. A glossary of terms and a further check-list for non-agricultural surveyors and other professionals appear at the end of the book. Worked examples and graphs throughout the text illustrate points made.


Introduction; Land with Vacant Possession; Market Evidence; Land Subject to Statutory Tenancy; Investment Calculations; Valuation of Tenancies; Land Let on Farm Business Tenancy; Quotas, Licences and Designations; Development and Diversification; Woodland; Sporting Rights; Minerals; Compulsory Purchase; Insurance; Check-list for the Non-agricultural Surveyor and Other Professionals; Terms and Instructions; Specimen Valuation Report; Glossary; Further Reading.


Students of Land Economy, chartered surveyors, rural planners.

Author / Compiler

Peter Prag

Peter Prag has an MA from Oxford University and is a Fellow of the RICS. He was a Visiting Fellow in the Department of Land Economy, Reading University after working for more than twenty years in chartered surveying firms and the Agricultural Mortgage Coorporation in the 1990s. Latterly he served on professional valuation committees and consulted widely including the valuation of the Ministry of Defence estates, assessment of the National Forest and other rural subjects and diversification.


From the Publisher; Royal Instiute of Chartered Surveyors (mail order and London bookshop); Foyles, Charing Cross Road, London; Gardners Books, Eastbourne (wholesaler).


Packard Publishing Ltd
14 Guilden Road
PO19 7LA

Tel & Fax +44 (0)1243 537977