1 Leigh Ann Parkinson, R/W-AC Presenter Why Use Land Class - - PowerPoint PPT Presentation

▶
1
SMART_READER_LITE
LIVE PREVIEW

1 Leigh Ann Parkinson, R/W-AC Presenter Why Use Land Class - - PowerPoint PPT Presentation

Feb 08, 2024 471 likes •880 views

1 Leigh Ann Parkinson, R/W-AC Presenter Why Use Land Class Ratings? OBJECTIVE when applied properly DATA required is readily available SIMPLE RESULTS are credible Youre DYING to know more, arent you??? 2 3 Easy Steps

slide-1
SLIDE 1

Leigh Ann Parkinson, R/W-AC Presenter

1

slide-2
SLIDE 2

2

Why Use Land Class Ratings?

OBJECTIVE when applied properly DATA required is readily available SIMPLE RESULTS are credible

You’re DYING to know more, aren’t you???

slide-3
SLIDE 3

3

Gather Soil Data Use Soil Data to Construct Land Class Rating Adjust Comparable Land Values Using Land Class Rating

3 Easy Steps

slide-4
SLIDE 4

4

Gather Soil Data

Web Soil Survey U.S. Department of Agriculture Natural Resource Conservation Service

http://websoilsurvey.nrcs.usda.gov/app/

slide-5
SLIDE 5

5

slide-6
SLIDE 6

6

slide-7
SLIDE 7

7

slide-8
SLIDE 8

8

slide-9
SLIDE 9

9

Map your Area of Interest

PVA Aerial Map used here

slide-10
SLIDE 10

10

slide-11
SLIDE 11

11

slide-12
SLIDE 12

12

slide-13
SLIDE 13

13

slide-14
SLIDE 14

14

Area of Interest is Defined

slide-15
SLIDE 15

15

Soil Map View

slide-16
SLIDE 16

16

Soil Map View

slide-17
SLIDE 17

17

Soil Map View

slide-18
SLIDE 18

18

Soil Map View

slide-19
SLIDE 19

19

Printing the Soil Map

slide-20
SLIDE 20

20

S O I L M A P

slide-21
SLIDE 21

21

Capability Class

slide-22
SLIDE 22

22

Capability Class

Print Option

slide-23
SLIDE 23

23

Refer to Handout for larger view

slide-24
SLIDE 24

24

Refer to Handout for larger view

slide-25
SLIDE 25

25

slide-26
SLIDE 26

26

Use Soil Data to Construct a Land Class Rating

slide-27
SLIDE 27

27

Converting Soil Classes into Rating Classifications

SOIL CLASS (per WSS) Soil Rating Class 1 soils have few limitations that restrict their use. 100 Class 2 soils have moderate limitations that reduce the choice of plants or that require moderate conservation practices. 85 Class 3 soils have severe limitations that reduce the choice of plants or that require special conservation practices, or both. 70 Class 4 soils have very severe limitations that reduce the choice

  • f plants or that require very careful management, or both.

55 Class 5 soils are subject to little or no erosion but have other limitations, impractical to remove, that restrict their use mainly to pasture, etc. 40 Class 6 soils have severe limitations that make them generally unsuitable for cultivation and that restrict their use mainly to pasture, etc. 25 Class 7 soils have very severe limitations that make them unsuitable for cultivation and that restrict their use mainly to grazing, forestland, etc. 10 Class 8 soils and miscellaneous areas have limitations that preclude commercial plant production and restrict their use to recreational purposes, wildlife habitat, or esthetic purposes. 5

slide-28
SLIDE 28

28

Other Considerations

PONDS/WATER not included

Their value assigned elsewhere

USE is not appropriate for interim ag uses

Development potential will skew results

slide-29
SLIDE 29

29

Calculating the Land Class Rating

Soil Class Acres Soil Rating Composite (PU) 2 48.5 85 4122.5 3 50.2 70 3514 4 10.7 55 588.5 6 4.6 115 Totals 125.3 8434.5

÷

Total Acres

=

Land Class Rating 125.3 67.3 8434.5 Composite 7 8 7.6 3.7 25 10 5 76 18.5

slide-30
SLIDE 30

30

Calculating the Land Class Rating

Soil Class Acres Soil Rating Composite (PU) 2 53.5 85 4547.5 3 65 70 4550 4 6.5 55 357.5 6 2.3 57.5 Totals 129 9529.5

÷

Total Acres

=

Land Class Rating 129 73.9 9529.5 Composite 7 8 1.7 25 10 5 17 0.0

slide-31
SLIDE 31

31

Writing up a Comparable Sale

KYTC Form 62-20C is DESIGNED to accommodate LCR

(Excerpt from Handout Supplement)

slide-32
SLIDE 32

32

Price Per Productive Unit

A Meaningful Unit of Comparison

LAND PRICE

COMPOSITE (Total PU)

Price per PU

slide-33
SLIDE 33

33

Price/Acre vs. Price/Productive Unit

A Sample of Actual Sales

Which appears more meaningful???

SALE PRICE ACRES PER ACRE PRICE COMPOSITE (TOTAL PU) $$/PU $29,000 30.00 $967 900 $32.22 $47,520 31.68 $1,500 1,462 $32.49 $36,800 36.80 $1,000 1,104 $33.33 $94,926 55.28 $1,808 2,990 $33.42 $44,304 27.69 $1,600 1,323 $33.49 $25,500 14.96 $1,705 665 $38.33

Variances 187% 119%

slide-34
SLIDE 34

34

Calculating Price/Productive Unit

slide-35
SLIDE 35

35

Adjust Comparable Land Values Using Land Class Rating

When selecting comparable sales, look for those most similar in acreage/size and Land Class Rating to the Subject

slide-36
SLIDE 36

36

Adjusting for Land Class Rating

Sale’s LCR is (73.9) Subject’s LCR is (67.3) 3)

slide-37
SLIDE 37

37

Adjusting for Land Class Rating

Sale’s LCR is (73.9)

Subject LCR 67.3 ÷ Sale LCR 73.9 = .91 .91 – 1.0 = -.09 Comparable Sale’s land value of $2,458/acre X Adjustment factor of -.09 = -$221/acre

Subject’s LCR is (67.3) 3)

Sale’s OVERALL Land Value is $2,458/acre

slide-38
SLIDE 38

38

Web Soil Survey

U.S. Department of Agriculture Natural Resource Conservation Service

http://websoilsurvey.nrcs.usda.gov/app/

How to Use Web Soil Survey 3.0

http://websoilsurvey.nrcs.usda.gov/app/Help/WSS_Ho mePage_HowTo_3_0.pdf

For a complete PDF of this presentation, please email a

request to: laparkinson@duncanappraisal.biz

slide-39
SLIDE 39

39