Property Valuation
When appraising a Mississippi delta agricultural property, the appraiser would most likely give the greatest weight to which approach to value?
ACost approach
BSales comparison approach using comparable farmland sales✓ Correct
CIncome approach using crop yield data only
DAll three approaches equally
Explanation
For agricultural land, the sales comparison approach using comparable farmland sales is generally given the most weight, as active markets exist for farmland in the Mississippi delta. The income approach (using crop income) may also be relevant.
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