What type of property is primarily used for growing crops or raising livestock?

Agricultural property is specifically designated for the purpose of growing crops or raising livestock. This type of property is often characterized by large expanses of land that are utilized for farming activities. An agricultural property can include various facilities and accommodations necessary for farming, such as barns, silos, and equipment storage.

This classification is vital because it encompasses not just cultivated land but also structures that support agricultural production. Agricultural properties often come with unique zoning regulations and tax incentives that are applicable specifically to farming activities, further distinguishing them from other property types.

In contrast, industrial property is typically related to manufacturing and production, commercial property focuses on business activities and retail space, and urban property generally refers to residential or mixed-use developments within city limits. Each of these types serves different purposes and has distinct legal and operational frameworks, marking a clear distinction from agricultural property.