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Prairie value
PRAIRIE VALUE

Definition: Value of land in its natural state before it has been improved by man.
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* All five elements would be in.

* See perfect misappreciation.


1. Land is specific and identifiable.

2. Particular land is measurable and/or assessable.

3. Comprehensive survey will reveal all that land contains.

4. Contents - minerals, nutrients, deposits, etc - have market prices.

5. Final computation would be correctly done, with no errors, miscalculation, etc.
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But is it believed to be on a fault line?

And is it pervious and/or thought fertile?

Can it be said to have a true market value?
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