Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 600 | 580 |
II | 540 | 520 |
III | 400 | 380 |
IV | 320 | 310 |
Avg. I-IV | 470 | 450 |
V | 240 | 230 |
VI | 200 | 190 |
VII | 120 | 120 |
Avg. V-VII | 160 | 160 |
Avg. I-VII | 410 | 400 |
VIII | 40 | 40 |
For all applicable use-value estimates, view Prince Edward’s brochure