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This document provides an analysis of farmland values in Michigan based on a survey conducted in 2002. It covers agricultural-use values, non-agricultural-use values, leasing practices, cash rent levels, and the factors influencing land values and rents. The findings highlight trends in farmland pricing, agricultural and non-agricultural demands, and insights into the economic landscape of Michigan\'s agricultural sector.
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The Michigan Land Values Report is a document that provides data on the value of agricultural land across Michigan, which is used for assessing property taxes and understanding land market trends.
Farmers and landowners of agricultural land in Michigan are required to file a Michigan Land Values Report annually.
To fill out the Michigan Land Values Report, landowners must provide information about their property, including its size, use, and recent sales data, typically using a provided form or template from the state.
The purpose of the Michigan Land Values Report is to collect and analyze data on land values for taxation purposes, policy-making, and to provide insights into agricultural land market trends.
The report must include information such as property location, acreage, type of land use, and sales data for the previous year.
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