Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 440 | 420 |
II | 390 | 380 |
III | 290 | 280 |
IV | 230 | 220 |
Avg. I-IV | 350 | 340 |
V | 180 | 170 |
VI | 150 | 140 |
VII | 90 | 80 |
Avg. V-VII | 130 | 120 |
Avg. I-VII | 350 | 340 |
VIII | 30 | 30 |
For all applicable use-value estimates, view Clarke’s brochure