549. Amount of compensation for high farming.

549.     Amount of compensation for high farming.

The amount of compensation for adopting a special system of farming1 is the sum equivalent to the increase in the value of the agricultural holding2, this being an objective test which does not countenance other than the average requirements of a reasonably skilled tenant farmer. In assessing the value of the holding for these purposes due allowance is to be made for any compensation agreed or awarded to be paid to the tenant3 for old4 and relevant5 improvements or, where the tenant is entitled to statutory compensation for tenant-right matters6,