Condemnation, Land Value, and Severance Damage on Farmland
University of Illinois Agricultural Experiment Station, 1965 - Compensation (Law) - 92 pages
This project started with the distinctly practical purpose of providing guidelines for the appraisal of farm property condemned for the construction of limited-access highways, and for the estimation of damages and benefits to the remaining part of the farm property which is not taken. The four sections of the report are geared to this practical purpose. The material in Part I of this report contains an up-to-date summary of the law of condemnation in Illinois. Part II of the study is intended to serve as a guide to establishing the basic value of farmland before it is taken for a highway right-of-way. Part III analyzes damage to a farm which has part of its acreage taken by condemnation. Part IV of the study deals with damages to a farm when land parcels become small, odd-shaped, or severed from the parcel where the farm headquarters is located. The distinct but related area of economic impact of the highway system has also been suggested for future research.
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Scope of the Project and Synopsis of Results
The Value of Farmland in Illinois Before
Damage From Reduction in a Farms Acreage
1 other sections not shown
acreage reduction adjustment aggregate Agricultural Economics amount appraisal b6 log benefits building assessment calculated census compensation computed condemnation costs of machinery counties crop Damage due Damage estimated damage from reduction depreciation Division of Highways dollars due to field easement east segment eminent domain equations factors farmland field length reduction field shape deterioration function analysis grain area grain farms guideline headland jury land not taken land taken lease lessee limited-access highway livestock livestock farms loess log X log Xi machinery capital costs machinery traveling market value nomic number of acres number of farms OF-OT Ogle County output owner parcel percent percentage period Pine Creek Township price per acre production function revenue right-of-way is taken rods severance damages shown soil association soil productivity rating tion township averages type-of-farming areas University of Illinois value level value per acre value products value zone variables verdict zone zone zone