Posted 5/1/2023 13:28 (#10211503 - in reply to #10211383) Subject: RE: Land value's what causes them to change
I don't want to speak for him as he offers very good perspective. The appraisals I see don't use cap rate on farmland. Comps are the only way to put a high appraisal value and defend it right now for the appraisers. Appraisals are like feasibility studies - amazing how many come back just good enough.