• Title/Summary/Keyword: Land Quality Ratings

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The Application and Use of Land Quality Ratings In the Valuation of Agricultural Land: An Evaluation of the South Dakota Experience

  • Larry Jassen;Douglas Malo;Chung, Doug-Young
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2000.05a
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    • pp.24-27
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    • 2000
  • The development of land classification and soil productivity rating systems (SPR) are examined for their application to valuation of agricultural land in South Dakota, USA. The application of SPR data to land valuation work conducted by real estate appraisers, tax assessors, and economists are discussed along with an assessment of its benefits and limitations.

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Application and Use of Land Quality Ratings in the Valuation of Agricultural Land:An Evaluation of the South Dakota Experience (농지평가에 있어서 토질등급의 이용과 적용 ; 사우스다코다주의 사례)

  • Larry, Janssen;Chung, Doug-Young;Shim, Ho-Young
    • Korean Journal of Soil Science and Fertilizer
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    • v.37 no.4
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    • pp.288-291
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    • 2004
  • The development of land classification and soil productivity rating systems (SPR) are examined for their application to valuation of agricultural land in South Dakota, USA. For current and impending environmental and agricultural land issues, there is virtually no hard data available. Therefore, the study works with government and private sector clients to identify needs, and develop and apply a variety of techniques to mine data and carry out appropriate assessment methods. The application of SPR data to land valuation work conducted by real estate appraisers, tax assessors, and economists are discussed along with an assessment of its benefits and limitations. However, the actual value of the agricultural land can be determined by fulfilling the agricultural's vision of protecting and improving the environment by agricultural activities besides the safe food production. Therefore, it is increasingly important that we understand the impacts of farming and forestry on land, water and air.