5.31 THE MARKET VALUES OF FREEHOLD FARMS - CONTOURS

Data ID

Description:

Market values of farms based on about 2000 transactions in the last 10 years

Chapter:

5 Land and History

File name:

The market values of freehold farms

File type:

Arcview shapefile

Geographical area:

Namibia

Keywords:

value

land

freehold

commercial

farm

Notes on data, analysis and

Based on data on about 2,000 farm sales over the past 10 years assembled by the Social Science Division of the

compilation:

University of Namibia and kindly made available to the Atlas Project by Ben Fuller. Some additional data were obtained

from the Ministry of Lands, Resettlement and Rehabilitation. The data were cleaned to exclude those with no

transaction prices, erroneous values etc. and all were adjusted (using the consumer price index) to be equivalent to prices

in 2000. The following outliers were excluded:

Ha < 1000

Total price N$ > 10 000 000

price/ha < 5 N$ (23 records)

price/ha > 1000 N$ (11 records)

Data were matched (using farm name/ number etc.) to farm polygons in the farms shapefile (Fig 5.32) and a point file

created from the centroids of farms. A kriging interpolation was undertaken to produce a grid file (1km cell size)

depicting contours of land value across the country within the freehold farmland area. This was converted to this

smoothed shapefile once suitable class intervals were identified.

Data quality and organisation

Positional Accuracy:

Based on an interpolation using almost 2000 points

Vector/Raster:

Vector

Spatial reference

Projection:

Geographic

Fields

Field name

Field description

DOLLAR_HA

market value of the land adjusted to 2000 prices

RANK	numerical rank of dollar/ha classes

Source/Distribution

Data Source:

Social Science Division, University of Namibia

Contact:

Ben Fuller

Online/Offline Address:

Social Science Division,

University of Namibia

Private Bag 13306

Windhoek

Distribution notes:

Unrestricted