Soil Types

[Michigan CG]

I use a service called AgriData, it's pretty reasonable and a fantastic resource.

http://www.agridatainc.com/

Give it a try!

Awesome. Thanks for the link. It is already in my Favorites.

 

[Michigan CG]

Tim is the CSR what I have heard of as a corn equivelancy index, or some such name. It doesn't work in any areas that I work, but I have heard that it is very much the main driver of value in much of the midwest.

It is very prevalent in Iowa and it is the Corn Suitability Rating. Some heathens call it the Crop Suitability Rating....they are wrong.

 

[Willie]

Once two strangers climbed 'ol Rocky Top, lookin' for a moonshine still...

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Dang, Stone. You are edekatid and inlitened. I didnt' figure you would know "Rocky Top". :icon_mrgreen:

 

[Willie]

I'd not heard that analysis of the Confederate/Union support before. Very interesting.

East Tennessee is mostly white. There was no reason for slaves to be there. I had a man ask me if I was voting for the incumbent tax assessor in an office over there years ago. I said "Nope". He got big eyed and asked "well why not?" I said "Cuz I don't live in the county" to which he responded, "You don't? Well you need to move over here...... it's all whyte." :Eyecrazy: :Eyecrazy: He said it right there in front of 20 or 30 people. Nobody raised an eyebrow. So I moved there...........Kidding.........I shouldn't joke like that. Lafonda might see it and cut me oft.

 

[Joker]

That's ok, you're training to be a cage fighter and you can smack Lafonda around.

 

[macmik1950]

Thanks

Wow, thanks for all the great info! I'm not appraising a farm and don't know that I ever will, but I just saw another guy's report with the soil type noted and commented upon. Our county's soil map mostly agreed with him. The map said, "BkC2" and he defined that as Braddock Clay Loam. Earlier links you guys sent had another name for that. Using Soil Data Mart (which is fantastic, BTW), gave me a similar contour line only the soil is listed as ""RoA" or Rosman fine sandy loam. As I said before, my supervisor doesn't know or seemingly care about any of this but I find it extremely interesting as I've not been exposed to any of this before.

 

[Lawrence R.]

Your County Assessor's office may also have soil types available. We do. Ours in via the GIS system as an overlay. We can view a parcel and its respective soil types.

Any land that is taxed at agricultural use is taxed based on its underlying soil types(based on each soil types ability to produce a crop). So we have to know what the soil types are.

In the case of farms, we have it recorded in the tax record.

In the case of residential or industrail property, we will have to look them up, but we can get them.

Soil types do change over the years. It is neat to see an Aerial view where the old farmer has figured out where to stop planting corn and see that the soil type changes a within a foot of where he stopped planting.

 

[Stone]

Dang, Stone. You are edekatid and inlitened. I didnt' figure you would know "Rocky Top". :icon_mrgreen:

I've easily heard it 150-200 times and can sing every word. If I ever run into you at a convention or class (or something else), I'll explain why over a beer or three.

Gotta love folks like that, though they are in other places as well. Around the late eighties I was with a group of friends driving in St. Paul, MN and we had engine problems. We stopped at a garage to make sure the car would make it. While we were there, we asked for the best route to our destination. In a room full of customers and other mechanics, the man turned to us, pointed up the road and said it was that way, just through "N..... Town". my folks are from Minneapolis and I have spent a lot of time up there. His casual use to a bunch of strangers was quite the surprise.

 

[Damon Pedersen]

Hey Timothy,

Do you do very many farm appraisals? I want to talk with another Iowa appraiser who does tillable ag appraisals like me sometime. My questions are regarding what you are doing with the cost approach. I find that it is more reliable to take the overall selling price per acre divided by the CSR rating for the entire farm and then develop a cost analysis based upon selling prices per CSR point. This only works well on nearly all tillable farms. If you have a mix of pasture and tillable then I use extraction. But, some appraisers round here are still trying to value each soil type at different rates. I go with the belief that a potential buyer will pay attention to the CSR rating, but will not be influences by whether they have a Moody or a Sac soil with nearly the same CSR rating.
For example, we just had a farm with a 62 overall CSR rating sell for $6,025 per acre. Nearly all tillable, no buildings or irrigation. That is a cost value of $97.18 per CSR point.

For the other question, I too use agridatainc.com and I think it is great. Fast service and great maps. $400 annual unlimited use.

 

[Michigan CG]

Hey Timothy,

Do you do very many farm appraisals? No, unfortunately we do very few, and in our market (Quad Cities) we have to be very careful about the reason this land is bought. A lot of it is bought on speculation for future housing (which has now dried up). Most of the land in Scott County was bought north of Bettendorf, or PV, and that area was hot for high end homes. I actually think it is a shame to develop homes on land that will produce 220 Bu of corn and 50 Bu of beans per acre, but that is the market. The school disricts fueled the market. Scott County and surrounding counties have some of the best soils in the nation, but the housing market claimed a lot of that land up till last year. I want to talk with another Iowa appraiser who does tillable ag appraisals like me sometime. My questions are regarding what you are doing with the cost approach. I find that it is more reliable to take the overall selling price per acre divided by the CSR rating for the entire farm and then develop a cost analysis based upon selling prices per CSR point. This only works well on nearly all tillable farms. If you have a mix of pasture and tillable then I use extraction. But, some appraisers round here are still trying to value each soil type at different rates. I go with the belief that a potential buyer will pay attention to the CSR rating, Absolutely, Iowa farmers want production, why else buy the land? I don't think anyone cares about the soil type, unless they have to rotate crop. but will not be influences by whether they have a Moody or a Sac soil with nearly the same CSR rating.
For example, we just had a farm with a 62 (62...that is low for Iowa...or at least in my area) overall CSR rating sell for $6,025 per acre WOW!!. Nearly all tillable, no buildings or irrigation. That is a cost value of $97.18 per CSR point.

For the other question, I too use agridatainc.com and I think it is great. Fast service and great maps. $400 annual unlimited use.

From just reading your post, you are much more informed about ag land than we are. I need to learn from you. One of the state board guys is an expert on farms....will try to find his name. He is awesome. As to Cost approach on this You need to give me more info. How does it really apply? I understand buying per CSR, but how does the Cost approach apply? I am a sponge for your knowledge.