CSR 2 is coming out soon
The bottom line is that land should be judged on productivity compared to other tracts and not a CSR or CSR2 system. The problem is that in the past not a lot of good records were available to landowners. Some were never kept by the operator or made available to the landlord. Some landlords didn’t care and didn’t see the value. This is changing. Buyers and tenants are leery of land with no fertility, drainage or production data. Some should be discounted since they are below average in these areas but the bad part is some are in good condition but are not attaining full value since owners can’t prove the actual quality of the farm based on records. One buyer told me when purchasing a farm they discount land $1,000 per acre for ground that has been cash rented. That is $500/acre for drainage and $500/acre for fertility and would not discount it if it the seller can prove that all is in order. What we know is that good tenants will provide the data and be proud to show you how they care for your land.
The solution is to begin or keep up the farm records on your property. It is only good business to do so. You can then show that your land is the best it can be no matter what the CSR or CSR2 may say. Can you judge a young baseball player by seeing his parents? No. Can you judge a horse by seeing its pedigree? Partially but you’ll go broke betting on pedigrees. Can you judge a farmer by seeing his pickup? No again. So why judge land with a CSR? Let the assessor do it this way. We know better.
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