Methods and Procedures: Determining the Use Value of Agricultural and Horticultural Land in Virginia
ID
446-011
Full Publication in PDF:
Full Publication available in Sidebar
Sections in PDF:
Front Cover (PDF | 689KB)Acknowledgments (PDF | 149KB)
Table of Contents (PDF | 24KB)
Introduction (PDF | 109KB)
Section 1 – Estimating the Use Value of Agricultural Land (PDF | 171KB)
- The Composite Farm (PDF | 114KB)
- Net Farm Income (PDF | 157KB)
- Net Return Budgets
- Federal Direct and Counter-Cyclical Program Payments (Federal Payments)
- Final Estimated Net Return
- Capitalization Rate (PDF | 153KB)
- Interest-rate Component
- Property-tax Component
- Risk Component
- Calculating Use Values (PDF | 158KB)
- Adjusting for Variations in Capability
- Soil index factor
- Using average use-value estimates
- Transfer-in data (PDF | 143KB)
- Split Counties: Census and Net Returns
- Transfer-in Jurisdictions: Effective Tax Rates
- Transfer-in Jurisdictions: Soil Index
- The Composite Orchard (PDF | 109KB)
- Net Orchard Income (PDF | 153KB)
- Capitalization Rate (PDF | 149KB)
- Calculating Use Values (PDF | 153KB)
- Step 1 – Calculate net returns for orchard land
- Step 2 – Calculate the portion of use value attributable to trees only
- Step 3 – Multiply by the appropriate index number
- Step 4 – Add the appropriate agricultural land use-value estimate
- Table 1a (PDF | 117KB)
- Table 1b (PDF | 115KB)
- Brochure: Estimated Use Value of Agricultural and Horticultural Land in Prince Edward (PDF | 295KB)
Rights
Virginia Cooperative Extension materials are available for public use, re-print, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.
Publisher
Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Rick D. Rudd, Interim Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; Wondi Mersie, Interim Administrator, 1890 Extension Program, Virginia State, Petersburg.
Date
May 1, 2009
Available as: PDF (4MB)
Attachments:
- Front Cover (PDF | 689KB)
- Back Cover (PDF | 644KB)
- Appendix D – Data Sources (PDF | 84KB)
- Appendix C – Prince Edward County: Tables 2, 3, 4, and 5 (PDF | 291KB)
- Brochure: Estimated Use Value of Agricultural and Horticultural Land in Prince Edward (PDF | 295KB)
- Table 1b (PDF | 115KB)
- Table 1a (PDF | 117KB)
- Appendix B – What is reported? (PDF | 376KB)
- Appendix A – Farm Example (PDF | 82KB)
- Calculating Use Values (PDF | 153KB)
- Capitalization Rate (PDF | 149KB)
- Net Orchard Income (PDF | 153KB)
- The Composite Orchard (PDF | 109KB)
- Section 2 – Estimating the Use Value of Horticultural Land (PDF | 158KB)
- Transfer-in data (PDF | 143KB)
- Calculating Use Values (PDF | 158KB)
- Capitalization Rate (PDF | 153KB)
- Net Farm Income (PDF | 157KB)
- The Composite Farm (PDF | 114KB)
- Section 1 – Estimating the Use Value of Agricultural Land (PDF | 171KB)
- Introduction (PDF | 109KB)
- Table of Contents (PDF | 24KB)
- Acknowledgments (PDF | 149KB)