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APPRAISAL ASSIGNMENT

This appraisal assignment pertains to 320 acres of agricultural land located in Section 35, Block P. The property features 120 acres of irrigated cropland, 144 acres of dryland cropland, 48 acres enrolled in CRP, and an 8-acre lake, along with a 1,148 sq ft house and garage. Various comparables illustrate recent sales trends, with properties ranging from dryland cropland to real estate with improvements. The analysis includes sales data for nearby comparable properties sold between 2010 and 2012, highlighting differences in acreage and value based on land type and improvements.

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APPRAISAL ASSIGNMENT

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  1. APPRAISAL ASSIGNMENT Due December 7, 2012

  2. SUBJECT PROPERTY • 320 ACRES • N/2, SECTION 35, BLOCK P • IRRIGATED 120 ACRES • DRYLAND CROPLAND 144 ACRES • DRYLAND CRP 48 ACRES • LAKE 8 ACRES • IMPROVEMENTS: 1148 SQ FT HOUSE AND GARAGE

  3. COMPARABLE #1 • 320 ACRES • W/2, SECTION 7, BLOCK D • DRYLAND CROPLAND 320 ACRES • IMPROVEMENTS: ABANDONED HOUSE WITH NO VALUE • SOLD FOR $550/ACRE ON 6/7/11

  4. COMPARABLE # 2 • 171 ACRES • SW/4, SECTION 24, BLOCK D-T • DRYLAND CRP 171 ACRES • IMPROVEMENTS: FENCING WITH CONTRIBUTORY VALUE OF $12,500 • SOLD FOR $375/ACRE ON 10/13/11

  5. COMPARABLE # 3 • 230 ACRES • WEST PART OF N PART, SECTION 34, BLOCK A • IRRIGATED CROPLAND 80 ACRES • DRYLAND CROPLAND 150 ACRES • IMPROVEMENTS: METAL BARN VALUED AT $5,000, SPRINKLER VALUED AT $35,000 • SOLD FOR $890/ACRE ON 9/08/11

  6. COMPARABLE # 4 • 320 ACRES • N/2, SECTION 21, BLOCK D • DRYLAND CROPLAND 258 ACRES • PASTURE 62 ACRES • IMPROVEMENTS: SMALL FRAME HOUSE AND METAL BARN VALUED AT $27,000 • SOLD FOR $570/ACRE ON 10/19/10

  7. COMPARABLE # 5 • 115 ACRES • NW/4, SECTION 24, BLOCK D-2 • IRRIGATED CROPLAND 50 ACRES • DRYLAND CROPLAND 65 ACRES • IMPROVEMENTS: ABANDONED HOUSE ON PROPERTY NO VALUE • SOLD FOR $900/ACRE ON 3/6/11

  8. COMPARABLE # 6 • 160 ACRES • E/4, SECTION 2, BLOCK D-5 • IRRIGATED CROPLAND 40 ACRES • DRYLAND CROPLAND 120 ACRES • IMPROVEMENTS: NONE • SOLD FOR $650/ACRE ON 2/16/12

  9. COMPARABLE # 7 • 160 ACRES • NE/4, SECTION 1, BLOCK D-5 • DRYLAND CRP 135 ACRES • IMPROVEMENTS: NONE • SOLD FOR $260/ACRE ON 5/31/11 • IGNORE ANY IMPROVEMENT ON THE PROPERTY AT PRESENT

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