Farmland & Estate Appraisals
The Gold Standard Farmland Appraisal System was formed to further service our clients in the valuation of thier farmland, grain facilities, farm houses, farm assets and family estate planning. With our experienced farm certified appraiser, Reed Carnahan, along with Rooster Ag’s 200+ years of agribusiness insight, Rooster Ag’s team designed the Gold Standard Farmland Appraisal system that is performed in a timely manner and in an easily read format. Our final hard copy assembly is prepared with the highest quality of materials and feel to match the importance of the value of your farm assets.
A quick overview of where we’re headed:
Rooster Ag’s certified farmland appraisals feature a selection of comparable sales that ensure fair, accurate, and unbiased values. Each appraisal uses an in-depth systematic approach to calculate multiple factors that align an accurate valuation of all factors related to the subject farm. Below outlines the 4 approaches considered:
The above criteria is then cross referenced within the appraisal system to formulate an accurate representation of a specific farm’s value. This system is based on a multitude of factual data because the value of your land should never be guesswork.
When choosing a certified farmland appraiser, it is important to consider price and value. Price is what you pay, and value is what you get. Due to the multitude of factors that your farmland appraisal depicts, it is crucial to choose an appraisal that has an exact reflective value of your farm on the valuation date to limit your potential liabilities or improve your potential opportunities.
For an estate in Illinois, every $1,000,000 over $4,000,000 that your estate is appraised at, you will owe a minimum of $160,000 in Illinois estate taxes upon inheritance.
Rooster Ag’s Gold Standard appraisal offers the most defined approach to certified farmland appraisals due to our in-depth understanding of influencing factors on the value of farmland, and our ability to apply those factors in a formula-basedapproach. Our system calculates the exact retrospective value ofa farm based on a multitude of factual data because the value of your land should never be guesswork.