New Appraisal Institute book enhances understanding of rural property valuation

Chicago, Il The American landscape is changing and rural communities are changing as well, yet there is a void in the current literature of rural property appraisal, according to a new book by the Appraisal Institute.

“Rural Property Valuation” is the Appraisal Institute’s first textbook in 16 years devoted to the topic of rural property appraisals. The book provides up-to-date information on the many forces that affect agricultural and ranch properties in the United States, and offers specific data and analytical tools appraisers can use in their daily work.

“Understanding the uses, characteristics and value of rural land can be challenging for those who work the land and for the real estate professionals who value it,” Appraisal Institute 2016 President Scott Robinson, MAI, SRA, AI-GRS, wrote in the book’s foreword. “While the need for agricultural products to feed and clothe the population may be relatively stable, the demand for land for recreational and residential use continues to expand.”