Ministerial Decree No. 47 validating the Regulation on valuation (standard price) of agricultural land. Country/Territory Kyrgyzstan Document type Regulation Date 2002 Source FAO, FAOLEX Subject Land & soil Keyword Land valuation Lease Expropriation Agricultural land Geographical area Asia, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia Abstract This Ministerial Decree establishes the modalities of determination of value (standard price) of agricultural land used for setting start-up price for sale of land in private ownership, conclusion of mortgage contract and formalization of land based credit, compensation for expropriation of land and setting lease price. Standard price of agricultural land shall not include value of constructions and other objects of immovable property located thereon. The whole agricultural land area shall be subject to determination of standard price. Standard price shall be based on data of land cadastre. In the process of calculation of standard price of agricultural land shall be taken into consideration average market price of cereals on internal market for the previous year. Full text Russian Website www.nature.kg