Agricultural Real Estate Appraisals
Agricultural Real Estate Appraisals
The value of land for agricultural purposes is based on the concept of productivity. Agricultural land can be broadly described as cultivated, hay land, and pasture.
Productivity, of course, is a major driver in the market value of agricultural land. Land can be made more productive utilizing advanced management practices and irrigation. The availability of irrigation acres (commonly referred to as water rights) can have a significant impact on land values. Similarly, the specific location of the parcel can be affected by soil quality, frost-free days, typical rainfall, and temperature conditions.
Whether you need an appraisal for potential sale or purchase, financing, estate planning or asset division, you can count on our diligent research, analysis, and expertise to help you make informed decisions.
On this Page
What Can be the Variations in the Price of Farmland?
Variations in the price of farmland can come from factors such as the proximity of the property to a purchaser’s operation, the purchaser’s knowledge of the land base, field size, and the degree of market exposure (many farmland sales are private transactions between neighbors without full exposure to the open market).
Agricultural Real Estate Appraisals of the subject includes analysis of the factors noted below, in context with its specific location and potential productivity. Because the majority of land sales are private in nature, our research includes a thorough land titles search to identify land transactions, determine if any improvements are situated on the land, determine the soil quality and land use, and thereby qualify each sale as a potential comparable.
Farmland Valuations - What is My Farmland Worth?
The value of agricultural lands varies substantially throughout the Province and is affected by many factors. Among these factors, our rea estate appraisers consider:
Specific location
Farmland markets are local by nature and averages can be misleading.
Agricultural Productivity and Utility
Soils (and resulting productivity) can vary dramatically across a municipality, a township, a section, and indeed a farm.
Availability of Water Sources
The availability of water for agricultural purposes can range from dugouts and natural water bodies to water licenses. Access to water can dramatically affect land values.
Climatic Factors
Climate varies not only on a regional basis but locally as well. Average frost-free days, average rainfall and the like can significantly affect the uses and productivity of the land.
Access
Physical access from a roadway to a land parcel is of course desirable. The lack of access such as a landlocked parcel can affect the land values significantly.
Proximity to the Major Economic Centers
Land holdings closer to regional service centers tend to be higher in value than remote parcels.
Parcel Improvements
The nature, size, and utility of any parcel improvements can affect sale-ability and overall sale prices.
Economic Factors
Other economic factors such as oil or pipeline lease revenues can affect land values.
Aesthetics
In certain markets views and topography can have an effect on overall land values.
Benchmark Agricultural Real Estate Appraisals
Whether you need an agricultural real estate appraisal for potential sale or purchase, financing, estate planning or asset division, you can count on our diligent research, analysis, and expertise to help you make informed decisions.
Decide with data
Call 403.547.6434
What Some of Our Clients Say
Other Real Estate Appraisal Services
Commercial Real Estate Appraisals
Our commitment to extensive research, sophisticated analytics, and utilization of technology have allowed us to consistently provide superior quality appraisals.
Residential Real Estate Appraisals
Timely, accurate, affordably high quality residential real estate valuations with the focus on efficiency have made Benchmark a leader for over twenty years.
Real Estate Appraisal Review
Peerless technical analysis of other’s work product, driven by strong appraisal credentials, review specific education, and strict compliance to Review Standards.
Since 1999
1.403.547.6434 | Suite 239, 612-500 Country Hills Boulevard NE, Calgary, AB T3K 5K3
Benchmark Appraisals service region includes the cities of Calgary and Airdrie and several counties, towns, villages, and hamlets including, but not limited to:
Rocky View County | MD of Bighorn | Foothills County | Mountain View County | Kneehill County | Wheatland County
Vulcan County | MD of Willow Creek | Kananaskis Improvement District.
Cochrane | Strathmore | Turner Valley | Black Diamond | Okotoks | High River | Nanton | Vulcan | Stavely | Didsbury | Carstairs | Crossfield