Calculating agricultural use values for Missouri farmland
- 한국농식품정책학회
- 농업경영.정책연구
- 농업경영·정책연구 35권 2호
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2008.06322 - 345 (24 pages)
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Most states in the United States utilize use value rather than market value approach to determine farmland values for property tax purposes. However, calculating the use value of agricultural land can be an extremely difficult task, since no published data exists for comparison to alternative computational methods. This study introduces use value estimation procedure and their estimates for Missouri using the historical and forecasted information generated from FAPRI modeling system. Agricultural land use valuation method for Missouri developed in this study would provide valuable information in determining Korean agricultural land property tax even though it would not be directly applicable to Korea.
Abstract
I. Introduction
II. Theoretical Background and Previous Research on Farmland Values
III. General Methodologies Employed in Calculating Farmland Use Values
IV. History of Missouri s Farmland Use Values Estimation Procedures
V. The New Use Value Approach for Missouri
VI. Summary and Conclusion
References
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