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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.
1) Start by putting total improvement value, found on first page, in the blanks at the top of the third table.
2) Start with sale I to find the value per square foot for a house that is good/good.
3) Use sale M to find the value per square foot for a shed that is fair/fair.
4) 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 good/good.
5) 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
avg/good. Is this value realistic given the value of a house per square foot that is good/good in J?
6) For sale L, use the house value from I and derive the value for grain bins that are good/avg. Is the value realistic given the value
derived in J for good/good 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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