Since your parents inherited the land, their cost basis is the market value of the land at the time they inherited it. (biggerpockets.com)
This turns the rental value of land — value created by society and public infrastructure investment — into a flow of interest to the banks. (michael-hudson.com)
These specific issues may be of a cultural nature or they may relate to the economic value of the land and its resources. (humanrights.gov.au)