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The table below gives information on contributory values of cropland and pasture to total farm values for unimproved properties. Complete this table to find the
The table below gives information on contributory values of cropland and pasture to total farm values for unimproved properties.
Complete this table to find the value of cropland and pasture for these unimproved sales. Ratio analysis
We also have the following improved sales in our data set:h
house; s shed, and b grain bins
We match sales in the following way: I to C; J to E; K to F; L to G; and M to H Use values for land from the unimproved sales to
determine the contribution of the buildings in total to these sales. Find the building residual in total sale dollars not dollars per
acre
Now you will need to fill in the final table next page to find how much each improvement impacts sales values.
Start by putting total improvement value, found on first page, in the blanks at the top of the third table.
Start with sale I to find the value per square foot for a house that is goodgood
Use sale M to find the value per square foot for a shed that is fairfair
Use the value per square foot of the shed in M to find the total value of the shed in J The remaining value goes to the grain bin.
Derive the value of a grain bin per bu capacity that is goodgood
Go to sale K and use values from J for the grain bin and M for the shed and derive a value per square foot for the house that is
avggood Is this value realistic given the value of a house per square foot that is goodgood in J
For sale L use the house value from I and derive the value for grain bins that are goodavg Is the value realistic given the value
derived in J for goodgood bins?The table below gives information on contributory values of cropland and pasture to total farm values for unimproved properties.
Complete this table to find the value of cropland and pasture for these unimproved sales. Ratio analysis
We also have the following improved sales in our data set:
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