Determinants of Farmland Values In the Rapidly Developing Boise, Idaho Metro Area: Applying Mathematical Modeling to Highest and Best Use Analysis
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In areas where urban
development is threatening
quality farmland, zoning
policies that encourage
development on low productivity
land have a significant influence
on market forces, resulting in
upward pressure on the prices
of low productivity farmland.
This helps identify potential
permanent changes of use to a
different highest and best use.
Identifying the highest and best
use of land is fundamental in
estimating a vacant land value
and identifying comparable
sales of vacant land.