This session explores tax issues arising from irregular receipts tied to agricultural assets, including water rights, TARP considerations, and associated rights such as gravel, soil, and biodiversity credits. It also addresses federal and state compulsory acquisitions of agricultural land, focusing on the application of CGT relief, small business concessions, and valuation challenges—particularly in regions affected by wind farm developments. Designed for practitioners advising on complex rural asset transactions, this session provided practical insights into navigating tax and valuation complexities in evolving regional landscapes.