§ 42-13101 – Valuation of agricultural land

42-13101. Valuation of agricultural land A. Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences. B. The income of agricultural property shall be determined using the capitalized average annual net cash rental of the property. For purposes of this […]

§ 42-13102 – Statement of agricultural lease

42-13102. Statement of agricultural lease A. Each lease of agricultural land or agreement to rent agricultural land for a period of more than ninety days shall be abstracted in a written statement in a form approved by the department containing at least the following information: 1. The name and address of the lessor and lessee. […]