Michigan Land Values Soar, Impacting Farmers, Developers, and Homebuyers
Land is valuable for farmers, rural residents, developers, and investors due to its various uses. The demand for land and its fixed supply affect its market price.
Landowners may ditch leased land if forced to invest in improvements.
Demand for Land Soars, Driving Up Prices and Leasing Rates
Land tax could transform agriculture, incentivize productivity and reduce idle land.