Madison

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	1,460	1,390
II	1,310	1,250
III	970	920
IV	780	740
Avg. I-IV	1,040	990
V	580	550
VI	490	460
VII	290	280
Avg. V-VII	410	390
Avg. I-VII	980	930
VIII	100	90

For all applicable use-value estimates, view Madison’s brochure