Who orders this
- Farm families planning succession or a sale
- Agricultural lenders and brokers
- Buyers of cropland, livestock operations and orchards
- Executors, accountants and lawyers handling farm estates or tax matters
What a farm appraisal looks at
Agricultural appraisers value land and improvements based on how the property is or could be farmed. They study sales of comparable farms, which may be spread across a wide area, and adjust for soil quality, tillable acres, drainage, water and the condition and usefulness of buildings. The farm home is usually valued as part of the whole operation rather than separately like a house in town.
- Soil class, tile drainage and productive acreage
- Barns, shops, grain storage and livestock facilities
- Water sources, irrigation and access
- Farm residence and secondary dwellings
- Supply-managed quota, valued separately where relevant
Why farms are quoted first
Farms range from small hobby operations to large holdings with specialized buildings, and the research grows with the size and type of operation. Quoting each farm lets the appraiser plan site time, comparable research and any separate analysis of buildings or quota. Share acreage, legal descriptions, a building list, any soil or drainage information and the purpose of the report when you request a quote.
Farm transfers between generations often have tax consequences, so involve your accountant early. They can tell you which date the value should reflect and whether the report needs to separate land, buildings and quota, which can matter when assets pass to different family members.
Frequently asked questions
How much does a farm appraisal cost across Canada?
Farm appraisal fees depend on acreage, the type of operation, the number of buildings, the area to be researched and the purpose of the report. They commonly exceed residential fees. AppraisalDesk sends a written quote for your specific farm before any work begins.
Who can appraise a farm in Canada?
Lenders usually look for an AACI, P.App from the Appraisal Institute of Canada with agricultural experience or, in Quebec, an évaluateur agréé. Some agricultural lenders keep their own approved lists. Tell us the lender’s requirements when you ask for a quote.
Is quota included in a farm appraisal?
It can be, if the purpose calls for it. Supply-managed quota is a separate asset with its own market, so many reports value it apart from land and buildings. Mention any quota when you request a quote so the scope covers it.
Do I need a farm appraisal for succession planning?
Often. Transferring a farm to the next generation can involve tax rules, fairness among family members and financing, and each depends on value. Your accountant or lawyer will advise whether you need an appraisal and at what date.