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The agent must be familiar with P&L statements for farms. Farm land can be very large: some farms are more than 100 acres. The agent must be familiar with livestock farms and crop producing farms to determine the market value of the property. [1] Value of the property is determined with the expected return on investment of the farm business.
Jun. 9—Though nearly 550 acres of farmland in Garfield County were taken out of auction Wednesday after sellers decided bids were too low, realtors say the land already is getting competitive ...
Photo showing piece of agricultural land irrigated and ploughed for paddy cultivation Share of land area used for agriculture, OWID. Agricultural land is typically land devoted to agriculture, [1] the systematic and controlled use of other forms of life—particularly the rearing of livestock and production of crops—to produce food for humans.
Although four million farms disappeared in the United States between 1948 and 2015, total output from the farms that remained more than doubled. The number of farms with more than 2,000 acres (810 ha) almost doubled between 1987 and 2012, while the number of farms with 200 acres (81 ha) to 999 acres (404 ha) fell over the same period by 44%. [12]
Key elements driving changes in farm land values include cash rent, supply of land, interest rates and inflation, among other factors, experts say.
Arable land is the land under temporary agricultural crops (multiple-cropped areas are counted only once), temporary meadows for mowing or pasture, land under market and kitchen gardens and land temporarily fallow (less than five years). The abandoned land resulting from shifting cultivation is not included in this category. Data for 'Arable ...