Property Valuation
A Nebraska appraiser valuing a 640-acre irrigated corn farm would place the highest weight on which approach?
ACost approach
BSales comparison approach, using comparable farmland sales adjusted for soil productivity and irrigation✓ Correct
CIncome approach using corn commodity futures only
DResidual land value only
Explanation
For agricultural land in Nebraska, the sales comparison approach using comparable farmland sales adjusted for soil type (PI ratings), irrigation access, and location is the primary valuation approach.
Related Nebraska Property Valuation Questions
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