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COUNTY LEVEL TAXABLE AGRICULTURAL LAND VALUES IN NORTH DAKOTA: COMPARING THE GROSS REVENUE APPROACH WITH VALUES BASED ON RENTAL VALUES

Dwight G. Aakre and Ronald H. Haugen

No 23531, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Land values calculated with the current North Dakota agricultural land valuation model were compared with values calculated by capitalizing the average cash rent for each county. Results showed there was a significant difference in cropland values, but there was no significant difference in non-cropland values. Land values for the 2000, 2001, and 2002 assessments were compared.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 24
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23531

DOI: 10.22004/ag.econ.23531

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