As the harvest season winds down, it's the perfect time to think about your land holdings. Are you considering adding more acres? Maybe you're thinking about selling some of your property? Either way, having a clear understanding of your land’s market value is essential. One key factor in determining land value is the amount of tillable land.
Why Tillable Land Matters in Property Valuation
Tillable land, or land that’s suitable for crop farming, is a key factor in a property’s value. If a significant portion of your property is cultivated for crops, it can command a higher market value than purely grassland, pasture, or undeveloped land.
Comparing your property to others with similar tillable percentages gives you a clearer picture of its market value. Having a list of recent sales of properties with similar tillable land percentages is invaluable in making an informed buying or selling decision.
Streamline Your Search with the Tillable Acreage Filter
AcreValue’s Tillable Acreage Filter helps you search for comparable sales based on the amount of tillable land within a property. This means you can find properties that closely match yours in land use & potential farming activity.
Say you have a property with 80% tillable land – using the filter, you can find properties with similar tillable levels that recently sold in your area. This helps you avoid irrelevant comparisons, ensuring a more accurate estimate of your property’s value. Here’s how it works:
- Locate the Filter: Visit the Comparable Sales Database and click on the “More” filters button to view all available search filters.
- Set Your Tillable Range: Use the filter to set a tillable percentage range that matches your property. Only 1 value (minimum or maximum) is required – for example, setting the minimum to 20% and leaving maximum empty will result in a search of all properties with their tillable percentage at 20% or higher.
- View Comparable Sales: Instantly see recently sold properties with comparable tillable acreage, giving you a precise idea of current market trends. If needed, adjust the filter settings or include other filters, such as acreage, to refine your results.
The tillable acreage filter is available to AcreValue customers holding a Premium or Enterprise subscription. Ready to get started? Purchase a subscription or contact AcreValue Sales about an Enterprise subscription.
How We Calculate Tillable Acreage
AcreValue calculates the tillable acreage percentage by dividing the tillable acreage by the total acreage of the property. Tillable acreage is based on data sources like the USDA Cropland Data Layer, which identifies different types of land cover and helps determine which parts of a property qualify as tillable. Tillable land includes areas used for active crop farming, such as corn, soybeans, wheat, and other major crops. On the other hand, areas like pastureland, forests, wetlands, and non-cultivated lands are excluded from the tillable definition.