In the context of appraising farmland, what is the likely current agricultural use status if the land is in the path of future development?

The correct answer is interim use, which refers to a situation where land is being used in a way that is not its highest and best use due to anticipated changes in its use or zoning in the near future. In the case of farmland located in the path of future development, it is likely being utilized for agricultural purposes currently, but this use is expected to change as development plans come to fruition, indicating that the land has a temporary purpose until it is repurposed for a higher-value use, such as residential or commercial development.

This characterization of interim use is crucial in appraisal, as it reflects the current operational status of the land while also acknowledging its potential for future value enhancement when development takes place. The recognition of land in interim use helps appraisers determine its current valuation based on its expected transition to a more productive use.

Other options, such as permanent use and temporary use, do not adequately describe the scenario of farmland that is poised for development. Permanent use would imply that the agricultural utilization is intended to continue indefinitely, which contradicts the expected transition to development. Temporary use suggests a short-term status that might not capture the anticipation of imminent new development. Value increment is more of a concept relating to the potential increase in value rather than a status of