Short answer: a poultry-farm appraisal analyzes the real estate that supports the operation — land, poultry houses, and site improvements — using the sales comparison, cost, and income approaches as appropriate, informed by the property's physical condition, relevant contract information, and income/expense data.
Poultry houses are specialized, income-producing improvements with a finite remaining economic life, which makes the cost and income approaches especially important alongside the sales comparison approach.
| Approach | Role in a poultry assignment |
|---|---|
| Sales comparison | Benchmarks against comparable poultry-farm sales, adjusted for differences. |
| Cost | Land value plus depreciated replacement cost of the houses and improvements. |
| Income | Analyzes income and expense characteristics relevant to the property. |
Published: [MARVIN TO PROVIDE: date] · Reviewed by Marvin Jones, Certified General Real Estate Appraiser.