HAR § 18-237-20-02 — (5) Factors for farms and ranches

(A) For a farm, kinds of crops for which the land is suitable, and the probable yield. (B) Current rents paid and asked for comparable farms and ranches in the same area as of the date when the lease is executed; and (C) The written opinion of a person knowledgeable about rental values for applicable farms and ranches, including a real estate appraiser certified under chapter 466K, HRS, or real estate broker properly licensed under chapter 467, HRS, with a knowledge of rental values for farms and ranches. (b) This listing of factors is not exclusive. If these factors do not result in a reasonable allocation of the gross proceeds or gross income paid by the Lessee, the Lessee may use or the department of taxation may require the use of other factors.