Calculating Agricultural Use Values for Missouri Farmland
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This report reviews literature on farmland values and how different states, including Missouri, have calculated agricultural use values. Following the review will be an explanation of the new process developed for Missouri agricultural use values at the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri–Columbia (MU). (591.5Kb)Abstract
This report provides the background necessary to show that agricultural use values should reflect the expected future stream of returns generated by the land and discounted to current dollars.