The soil type of any parcel will have a great impact on the land’s value, especially when it comes to farmland valuations and real estate assessments.
A farm’s greatest asset is its land. If you’re considering buying land with an ag land loan for farming, looking into the land’s soil type is an important step in determining the worth of the land. It’s also an indicator of how much work the soil will need in order to provide a nutrient-rich environment for your crops. Take a look at different soil types, how to determine what kind of soil is on your land, and how soil types factor into the overall value of your property.