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This report provides an analysis of farmland values and leasing rates across Michigan in 2010, detailing agricultural use and non-agricultural use values, survey methodologies, and factors influencing
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How to fill out Michigan Land Values and Leasing Rates
01
Gather necessary documents and information related to land use and lease agreements.
02
Access the Michigan Land Values and Leasing Rates website or obtain the publication.
03
Identify the type of land you are evaluating (e.g., cropland, pasture, etc.).
04
Find the corresponding section for your land type in the publication.
05
Review the reported land values based on location and land characteristics.
06
Use the leasing rates outlined for similar properties in your area as a comparative reference.
07
Fill out the form by providing accurate descriptions, values, and leasing rates based on your findings.
08
Double-check all entries for accuracy before submission or use.
Who needs Michigan Land Values and Leasing Rates?
01
Farmers seeking guidance on land leasing rates.
02
Landowners determining fair rental rates for agricultural land.
03
Agriculture professionals assessing land values for investment or sale.
04
Policy makers and economists analyzing agricultural trends in Michigan.
05
Real estate agents specializing in agricultural properties.
06
Research organizations studying agricultural economics.
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People Also Ask about
How much is Michigan Farmland worth?
Michigan cropland value jumped 8.3% in the past year to $5,870 per acre — an increase of $450, and the fifth-highest percentage gain of any state, according to a new report from USDA.
How much is wooded land per acre in Michigan?
Typically, a nice wooded 10-acre parcel may sell anywhere from $33,333 to $58,000 (from $3,333 to $5,800 per acre), with $4078.68 being the most AVERAGE PER ACRE SALES PRICE.
How much does 1 acre of farmland cost in Michigan?
Farmland sells from $5,000-$10,000 per acre, with rural recreational land from $10,000-$20,000. Near urban areas, land can cost $50,000 per acre or more. East Michigan - Home to Detroit, Flint, and Ann Arbor, east Michigan sees more variation in land prices. Urban fringe areas can top $100,000 per acre.
How much is an 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.
How much does it cost to rent an acre of farmland in Michigan?
Average Michigan farmland rental values range from $20 to $317 per acre in 2022 - Michigan Farm News.
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What is Michigan Land Values and Leasing Rates?
Michigan Land Values and Leasing Rates refer to the assessed values of agricultural land and the rates at which land can be leased for agricultural purposes in Michigan.
Who is required to file Michigan Land Values and Leasing Rates?
Farmers, landowners, or representatives who manage agricultural lands are required to file Michigan Land Values and Leasing Rates.
How to fill out Michigan Land Values and Leasing Rates?
To fill out Michigan Land Values and Leasing Rates, one must provide details regarding the land area, its assessed value, the leasing rates, and any other pertinent agricultural details as specified in the filing form.
What is the purpose of Michigan Land Values and Leasing Rates?
The purpose of Michigan Land Values and Leasing Rates is to establish standardized values and rates for agricultural land, aiding in tax assessments, planning, and guiding lease agreements in the agricultural sector.
What information must be reported on Michigan Land Values and Leasing Rates?
The information that must be reported includes the size and type of the land, the land's current value, the leasing rates, and any crop or use specific details relevant to the agricultural operation.
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