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How to Quantify Value of Land
There are these intangibles, these intrinsic things, these little wow factor things. What value they truly add is something that is region specific. Not every acres created equal and just because there's a tree doesn't mean it's timber. You've got a lot of great beautiful trees, but that's all they are is pretty. There's no timber value in the Mississippi River area where I'm from. So say if you're looking to answer your question...you're looking to apply those values to real sales.