Farmland values are rising amidst urban expansion, environmental degradation, and shifting social norms. Cities grew large due to fertile soils, favorable climates, and natural harbors. As urbanization intensifies, property assessors and municipalities face new challenges in valuing land and setting policy. This talk explores how agriculture has influenced land use and property values, the complexities of valuing transitioning lands, and the impact of modern agricultural practices. We’ll present future scenarios, such as shifts in diet or climate change, and discuss the role of municipalities in land use planning and policy decisions. Gain insights into analyzing sales for farm valuations and the critical role of municipalities in sustainable land use.
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‍Income and expense statements form the basis of the income approach. We will work through a detailed step-by-step review and reconstruction of income and expense statements from a valuator’s perspective. This is a practical webinar which focuses on actual case studies rather than theory. The panelists will look at what legitimate expenses associated with real property for inclusion in the net operating income. As well attendees will gain an understanding of different types of financial statements and the key definitions and concepts relating to financial reporting.
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