According to ESA 95 (3.103.) gross fixed capital formation in plantations corresponds to the value of acquisitions less disposals of natural assets yielding repeat products (such as fruit trees) which have reached maturity, plus the natural growth of such natural assets until they reach maturity (i.e. generate a product), during the accounting period concerned.
This definition of GFCF corresponds to:
· expenditure on new plantations (new or renewed) during the accounting period, including amounts spent on maintaining young plantations during the accounting period (during the first three years);
· the increase in the intrinsic value of plantations up to their maturity;
· the costs associated with transfer of ownership in exchanges, between agricultural units, of plantations and trees which have reached maturity.
Eurostat, "Manual on the economic accounts for agriculture and forestry EAA/EA 97 (Rev. 1.1)", Luxembourg, 2000