AGEC 715 - Advanced Farm Real Estate Appraisal

Credit(s): 3
When Offered: As Needed

Problems and advanced topics in valuing farm real estate, including theory of value, present market value, legal description, property and real estate law, rights and limitations in the use of property, methodology and techniques of appraisal, including the impact of GPS on gathering appraisal data. Analysis of income capitalization, sales comparison and inventory cost approaches to appraisal and how differences in such appraisals can be reconciled. Dealing with complications from valuing buildings and improvements. Ethical considerations in performing appraisals for a specific purpose.