Tag Archive: "Land Values"

• Estimating Inherited Land Values

  • February 9, 2014
  • Paul Neiffer

  We received the following question from a reader: “Hello, I am trying to determine how to establish a base value (for capital gains purposes) on some farmland I inherited from my parents.My mother (last surviving parent) died in 2005. We had the land appraised in 2009 but did not actually sell until 2013. I am […]

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• Farmland Values Drop for the Quarter

  • June 7, 2009
  • Paul Neiffer

  The Federal Reserve Bank of Chicago reported that for their district (Illinois, Indiana, Iowa, Michigan and Wisconsin) farm land values dropped 6% from the previous quarter (the largest drop for a quarter since 1985).  Also, the year-over-year increase in farmland values was up only 2% for the first quarter of 2009.  The drop ranged from […]

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