Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,940 | 1,840 |
II | 1,740 | 1,660 |
III | 1,290 | 1,230 |
IV | 1,030 | 980 |
Avg. I-IV | 1,570 | 1,500 |
V | 770 | 740 |
VI | 650 | 610 |
VII | 390 | 370 |
Avg. V-VII | 650 | 610 |
Avg. I-VII | 1,550 | 1,480 |
VIII | 130 | 120 |
For all applicable use-value estimates, view Chesterfield’s brochure