Poultry production is one of the strongest segments of Ukrainian agribusiness: industrial poultry farms supply about 95% of the country's eggs and a large share of its poultry meat, and the sector's leaders rank among the largest agricultural companies in Ukraine. As a valuation subject, a poultry farm combines specialised real estate, technological equipment and land with a feature unique to livestock businesses — live poultry recorded as biological assets.
The Kanzas company provides independent valuations of poultry farms and egg production businesses across Ukraine — as going concerns (integral property complexes), as equity stakes, or as defined asset pools — for owners, investors and lenders, both Ukrainian and international. Where the subject is a mixed agricultural enterprise, the engagement can be structured as a broader farm valuation covering land use rights, machinery and biological assets.
When a poultry farm valuation is required
Typical purposes include:
- bank financing secured by the property complex;
- revaluation of assets for financial reporting, including IFRS;
- acquisition or disposal of the enterprise or a share in its charter capital (M&A);
- attracting an investor or restructuring the group;
- contribution of assets to charter capital;
- lease of an integral property complex, including state-owned facilities;
- shareholder disputes and court proceedings;
- assessment of damage, including losses caused by military action;
- liquidation or restructuring scenarios.
What the valuation covers
Depending on the purpose, the subject may be the integral property complex as a whole, corporate rights in the operating company, or individual asset groups: specialised buildings (poultry houses, hatchery, rearing facilities), cage systems and feeding, watering, climate-control and egg-collection equipment, processing capacity (slaughter line, egg grading and packing, cold storage), a feed mill and warehouses, land plots or land-use rights, vehicle fleets, the poultry flock itself — laying hens, broilers, parent stock and replacement pullets as biological assets — and intangibles such as trademarks, permits and export contracts.
Value drivers specific to the sector include the production profile (egg, broiler or full-cycle with in-house processing), biosecurity status and the epizootic environment, valid operating permits and HACCP certification, feed supply stability (feed accounts for up to 70% of egg production cost), the condition of cage equipment against European animal-welfare requirements, and access to export markets. Our valuers analyse these factors explicitly — they determine whether an investor is buying a functioning poultry business or merely a set of buildings.
Valuation approaches
In line with Ukrainian national valuation standards and international practice, we apply the income approach (primarily discounted cash flow, reflecting the production cycle and the seasonality of egg and feed prices), the comparative (market) approach based on transactions involving similar agribusiness enterprises, and the asset-based approach, which is indispensable for collateral purposes and idle facilities. Biological assets within the complex are valued in accordance with Ukrainian accounting regulations and IFRS.
How the engagement is carried out
The work begins with agreeing the purpose and scope and signing an engagement contract. A mandatory stage under Ukrainian valuation law is the valuer's site visit for personal inspection and identification of the subject assets; we inspect production sites in all regions of Ukraine, including multi-site agriholding structures, and plan visits around biosecurity requirements. The valuer then analyses the documentation, the poultry products market and the feed base, performs the calculations and issues a valuation report that is fully valid for banks, courts and state authorities in Ukraine. Key documents include corporate and registration documents, three to five years of financial statements, fixed asset and flock registers, title documents for real estate and land, operating and veterinary permits, HACCP documentation, and information on production structure and distribution.
Our experience
The Kanzas company has been valuing agribusiness enterprises for more than 20 years. Our track record includes the asset revaluation of one of Ukraine's largest agriholdings specialising in egg and poultry meat production: the work was performed for several Ukrainian banks for financing purposes, as well as for financial reporting under international standards, and covered the holding's poultry and processing facilities located across Ukraine — from poultry houses and cage systems to flocks and processing capacity. Our team includes appraisers holding international valuation certificates, and our reports are prepared to a standard that withstands scrutiny by banks, auditors and courts.
Questions and answers
Can the poultry flock be valued separately? Yes. The flock can be valued as biological assets — for example, for collateral or write-off purposes. Within an integral property complex, the flock is valued together with the other assets.
Can you value only the equipment? Yes, technological equipment can be valued separately as part of our machinery and equipment valuation service — relevant for collateral, secondary-market transactions and fixed asset revaluations.
The farm has been damaged by military action — can you assess the losses? Yes. War damage assessment for enterprises is a separate practice area of ours, including flock losses and lost profit calculations.
How much does a poultry farm valuation cost? The fee depends on the scale of the complex, the number of production sites, the purpose of the valuation and the completeness of the documentation. After a short initial consultation we will quote a firm price and delivery timeline.
We plan site inspections around your production schedule and biosecurity rules and treat every client's task with speed and attention. To discuss your project, email us or message us via your preferred messenger.
