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Professionals involved in the appraisal of rural, agricultural, agri-business, and resource properties have had access to a limited amount of relevant reference material. This situation has improved dramatically with the publication of The Appraisal of Rural Property, second edition, the most significant addition to rural appraisal literature in 15 years. This second edition picks up where the previous text left off, providing a comprehensive reference work that covers all aspects of the valuation of rural properties from both theoretical and practical perspectives. The text explores all the factors relevant to rural properties, from neighborhood and regional analysis to soil, range, and productivity analysis of the subject and sale properties. The centerpiece of the work is a detailed presentation of the three approaches to value as they are applied to land-intensive properties in rural and agricultural settings.
In addition to extensive coverage of traditional rural appraisal methodologies, special-purpose properties such as dairies, livestock ranches, and permanent plantings are explored in detail. U.S. Department of Agriculture programs, agricultural capital markets, and the Farm Credit system are examined and the valuation of water and mineral rights is addressed. The Appraisal of Rural Property, second edition, is an essential resource for practitioners and an authoritative educational text for students of rural appraisal.