Certain situations often require a professional appraisal, including: Buying or Selling Real Estate, Estate Planning, Probate, Litigation support, Mortgage Financing or Refinancing, IRS Tax Valuation, and Eminent Domain proceedings.
AgCentric Farm Agency provides comprehensive appraisals for all types of agricultural property. Our certified appraisers have the experience and market knowledge to determine accurate property values using the three recognized approaches to valuation.
Utilizing the cost approach, the value of improvements based on the replacement cost, less depreciation, is added to the value of the land. Physical deterioration, functional obsolescence, and economic obsolescence are all considered in estimating the depreciated value of the property.
In the Income Capitalization approach, the income that the property is expected to generate is capitalized to estimate the value. The capitalization rate is based on net returns of property similar to that being appraised.
Finally, using the sales approach, direct comparisons are made between sales that have occurred and the property being appraised. Adjustments are made for differences in the quality of the land, value of improvements, location, size, and for changes that have occurred in the market over time.
Over 150 years of trusted farm management, land sales, and rural appraisal in the Midwest. Family owned with a farm background.
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AgCentric Farm Agency, LLC is a licensed real estate firm in Iowa, Nebraska, South Dakota and Minnesota.