So I have an assignment to review a standard 1004 for a mortgage lending transaction. Subject is a generic 2300 SF SFR on 10 acres, 9 of which are an active almond orchard. Appraiser states, "subject is an income producing farm with 9 acres of almond trees." He goes on to state that "the subject's almond orchard is not valued in this appraisal report as there is no market reaction for this feature." He also does not value an outbuilding (standard pole barn/machine shed)--simply ignoring it. Appraiser marks subject as highest and best use as improved/present use. Would you consider this acceptable? It appears to me that while subject may be highest and best use as improved, appraiser did not value as such, unless one can justify the comment that there is no market reaction to the almond orchard.