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Rule: 42.20.681 Prev     Up     Next    
Rule Title: AGRICULTURAL COMMODITY PRICES AND VALUES
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Department: REVENUE
Chapter: REAL PROPERTY
Subchapter: Agricultural Land
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.20.681    AGRICULTURAL COMMODITY PRICES AND VALUES

(1) Commodity prices for the 2021-2022 appraisal cycle used for the determination of income are calculated using a 10-year Olympic average of prices from Montana Agricultural Statistics for the years 2010-2019. The department's Olympic average removes the highest price and the lowest price and averages the remaining eight prices. The commodity prices used for valuing agricultural land for the 2021-2022 appraisal cycle are as follows:

(a) Spring wheat price used in the valuation of non-irrigated summer fallow and non-irrigated continuous cropped farm lands is $6.16 per bushel.

(b) Alfalfa hay price, reduced by 20 percent as required by 15-7-201, MCA, used in the valuation of irrigated and non-irrigated hay lands is $105.80 per ton.

(c) Private grazing fees used in the valuation of grazing lands is $22.49 per Animal Unit Month (AUM).

(2) The minimum value of irrigated land as determined by the methodology detailed in ARM 42.20.675 is $552.99 per acre.

(3) The statewide grazing productivity average is .21 AUMs per acre, and is used in calculating the values of:

(a) nonqualified agricultural lands; and

(b) nonproductive patented mining claims.

(4) For the 2021-2022 appraisal cycle the capitalization rate for Class 3 agricultural land, which is used to convert an ongoing income stream into an estimate of value is 6.4 percent.

(5) For the 2021-2022 appraisal cycle the highest productivity of non-irrigated continuously cropped farmland is 60 bushels per acre, and is used in calculating the values of specialty crop land.

(6) For the 2021-2022 appraisal cycle, the value of the one acre beneath a residence on agricultural land is $1,866.

(7) For the 2021-2022 appraisal cycle, the minimum carrying capacity for grazing land to be eligible for agricultural classification is 23 AUMs as determined by the Montana State University - Bozeman, College of Agriculture, Department of Agricultural Economics and Economics, in accordance with ARM 42.20.620

 

History: 15-1-201, MCA; IMP, 15-6-133, 15-7-201, 15-7-202, 15-7-206, 15-7-210, MCA; NEW, 2014 MAR p. 2994, Eff. 12/12/14; AMD, 2016 MAR p. 2341, Eff. 1/1/17; AMD, 2018 MAR p. 2546, Eff. 1/1/19; AMD, 2020 MAR p. 1881, Eff. 10/24/20.


 

 
MAR Notices Effective From Effective To History Notes
42-1023 10/24/2020 Current History: 15-1-201, MCA; IMP, 15-6-133, 15-7-201, 15-7-202, 15-7-206, 15-7-210, MCA; NEW, 2014 MAR p. 2994, Eff. 12/12/14; AMD, 2016 MAR p. 2341, Eff. 1/1/17; AMD, 2018 MAR p. 2546, Eff. 1/1/19; AMD, 2020 MAR p. 1881, Eff. 10/24/20.
42-2-998 1/1/2019 10/24/2020 History: 15-1-201, MCA; IMP, 15-6-133, 15-7-201, 15-7-202, 15-7-206, 15-7-210, MCA; NEW, 2014 MAR p. 2994, Eff. 12/12/14; AMD, 2016 MAR p. 2341, Eff. 1/1/17; AMD, 2018 MAR p. 2546, Eff. 1/1/19.
42-2-966 1/1/2017 1/1/2019 History: 15-1-201, MCA; IMP, 15-6-133, 15-7-201, 15-7-202, 15-7-203, 15-7-206, 15-7-207, 15-7-208, 15-7-209, 15-7-210, 15-7-212, MCA; NEW, 2014 MAR p. 2994, Eff. 12/12/14; AMD, 2016 MAR p. 2341, Eff. 1/1/17.
42-2-924 12/12/2014 1/1/2017 History: 15-1-201, MCA; IMP, 15-6-133, 15-7-201, 15-7-202, 15-7-203, 15-7-206, 15-7-207, 15-7-208, 15-7-209, 15-7-210, 15-7-212, MCA; NEW, 2014 MAR p. 2994, Eff. 12/12/14.
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