Valuation of Agricultural Land SRM. Exam not included. Agriculture has always played a major role in the development of civilization and this class will provide a good understanding of the various types and uses of land that are classified as agricultural. It will aslo provide the student with an understanding of the need for some type of preferential assessment and will dicuss historical as well as current land tax policy. Students will also be shown various methods that can be used in the valuation of agricultural lands.