What is a primary consideration when appraising agricultural properties?

When appraising agricultural properties, the productivity of the land is a primary consideration because it directly influences the economic potential of the property. Agricultural properties are often valued based on their ability to generate income, which is heavily dependent on factors such as soil quality, climate, irrigation potential, and overall agricultural productivity. A highly productive piece of land can yield more crops, thereby increasing its value compared to less productive lands.

Size of the property, while important, is secondary to productivity since a smaller plot of highly productive land can be worth more than a larger plot that is less fertile. Location near urban areas may contribute to the property's value, particularly due to potential for residential development or access to markets, but it does not inherently determine the agricultural productivity of the property. The type of crops grown is relevant as it relates to productivity, but it is not the primary consideration on its own; rather, it's a factor that contributes to understanding the productivity of the land.