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This report presents the findings of a survey on farmland values and leasing rates in Michigan, highlighting trends in agricultural land values, cash rents, and factors influencing these rates.

How to fill out 2007 michigan land values

How to fill out 2007 Michigan Land Values and Leasing Rates

1. Review the form thoroughly to understand the required sections.
2. Gather necessary data about the land in question, including size, location, and type of use.
3. Determine the land value based on current market conditions and past sales data.
4. Calculate appropriate leasing rates based on local averages and land characteristics.
5. Fill out each section of the form carefully, ensuring accuracy in all figures.
6. Double-check your calculations and ensure all entries are supported by documented evidence.
7. Submit the completed form by the specified deadline.

Who needs 2007 Michigan Land Values and Leasing Rates?

1. Farmers and landowners looking to lease their land.
2. Real estate agents and appraisers who need current land values for assessments.
3. Agricultural economists and researchers studying land use trends.
4. Government agencies involved in agricultural policies and rural development.

People Also Ask about

Is land in Michigan expensive?

An acre of land in Michigan costs between $9,333 and $246,733, depending on location. Rural Upper Peninsula counties offer the most affordable options, while "Up North" lakefront areas and suburban counties near Detroit command premium prices.

How much is farm land per acre in Michigan?

The 2023 average Michigan farm real estate value, including land and buildings, averaged $6,400 per acre, according to Marlo D. Johnson, Regional Director of USDA, NASS, Great Lakes Regional Office. Farm real estate values in Michigan were up 9.4 percent from 2022.

How much is land worth in Michigan?

According to the Michigan Realtors association, the average price per acre of vacant residential land in Michigan as of 2022 was around $16,500. However, land prices can range from as low as $2,000 per acre in rural, undeveloped areas to over $100,000 per acre in desirable recreational and waterfront locations.

How much is 1 acre of land worth in Michigan?

According to the Michigan Realtors association, the average price per acre of vacant residential land in Michigan as of 2022 was around $16,500. However, land prices can range from as low as $2,000 per acre in rural, undeveloped areas to over $100,000 per acre in desirable recreational and waterfront locations.

For pdfFiller’s FAQs

What is 2007 Michigan Land Values and Leasing Rates?

2007 Michigan Land Values and Leasing Rates refers to a report that provides data on the average values of agricultural land and the typical leasing rates for farmland in Michigan for the year 2007.

Who is required to file 2007 Michigan Land Values and Leasing Rates?

Farmers, landowners, and agricultural businesses in Michigan that engage in leasing or valuation of land are typically required to file the 2007 Michigan Land Values and Leasing Rates.

How to fill out 2007 Michigan Land Values and Leasing Rates?

To fill out the 2007 Michigan Land Values and Leasing Rates, individuals must provide specific information about their land, including its location, size, land type, and current leasing agreements, following the guidelines set by the Michigan Department of Agriculture.

What is the purpose of 2007 Michigan Land Values and Leasing Rates?

The purpose of the 2007 Michigan Land Values and Leasing Rates is to collect and disseminate data that assists farmers, landowners, and policy makers in understanding land values and rental rates in Michigan for informed decision-making.

What information must be reported on 2007 Michigan Land Values and Leasing Rates?

The information that must be reported includes the type of land, its location, total acreage, average rental rates, and any relevant lease agreements that may exist for the lands in question.