The price of farmland is defying interest rate hikes – so far
At CDC Inc, we have national coverage of experienced, local appraisers to complete agricultural appraisals. Our team is managed by Curtis Cossey AACI, P.App., MRICS, who has a strong background in rural farming in North Central Alberta near Edmonton. With over 30 years of experience appraising farms, CDC has the expertise to appraise many types of agricultural properties.
Are You Looking for a Farm Appraiser Near You? We Can Help!
We understand the importance of finding an experienced and qualified professional to evaluate your property accurately. Our team of highly trained appraisers has years of experience in assessing rural properties and providing detailed analysis of their value. Whether you’re buying, selling, or need advice on your farm’s worth, our farm appraisers near you are here to help. We have the expertise and knowledge needed to ensure that you get a fair and accurate property assessment. So don’t hesitate—to contact us today for the best farm appraisal services in the area!
Our agricultural appraisals are compliant with CUSPAP (Canadian Uniform Standards of Professional Appraisal Practice). All reports are peer-reviewed prior to completion for quality assurance.
At CDC, we understand that land appraisers need to be able to deliver accurate reports in a timely manner. That’s why we’ve developed technology to increase efficiency and accuracy while also offering a bare land desktop report that can be completed without an inspection for quick results. The scope of those services is financial reporting requirements (purchase price allocation), tax reorganizations, expropriation, first nations land, shareholder and matrimonial litigation and asset-based collateral-based financing.
We have a team of highly qualified and experienced appraisers who are ready to provide you with the information you need. We understand the importance of accurate farmland appraisals, and we are committed to providing you with the best possible service. We look forward to working with you and providing you with the information you need to make informed decisions.
Our agricultural appraisal services expand coast-to-coast including Edmonton, Calgary, Ottawa, Winnipeg, Toronto, Saskatchewan or any city located in Canada..
What is an agricultural appraisal?
An agricultural appraisal is a process of determining the value of agricultural properties, land, and assets. It involves assessing factors such as soil quality, crop productivity, infrastructure, market conditions, and more to arrive at a fair and accurate value.
Why do I need an agricultural appraisal?
Agricultural appraisals are necessary for various purposes, including buying or selling land, obtaining loans, estate planning, property tax assessments, legal disputes, and investment decisions. A common case is if two parties are bidding on the same land, the final bid may be significantly above the fair market value, which is what the banks are concerned with.
Who performs agricultural appraisals?
Agricultural appraisals are typically carried out by certified appraisers who have specialized knowledge and training in agricultural valuation. They may hold designations such as P.App (Professional Appraiser) from the Appraisal Institute of Canada (AIC). At CDC, our AIC members are professionals that provide independent appraisal services.
What factors affect the value of agricultural land?
Several factors influence the value of agricultural land, including soil quality, water availability, location, climate, land use regulations, proximity to markets and infrastructure, crop yield potential, and prevailing commodity prices.
How is the value of crops and livestock determined in an agricultural appraisal?
The value of crops and livestock is often determined based on market prices, historical production data, quality assessments, and input costs. Appraisers may also consider income potential and economic conditions affecting the agricultural sector.
What methods are used for agricultural appraisal?
Common appraisal methods include the sales comparison approach (comparing to similar recently sold properties), the income approach (estimating future income from the property), and the cost approach (evaluating the cost of reproducing the property’s improvements).
Despite significant interest rate hikes, the price of farmland kept shooting up in the first half of the year.
Choosing the right farmland appraiser is essential to ensure you get an accurate land value. However, there are a few things you should take into consideration when making your choice.
Rural Real Estate