Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 540 | 520 |
II | 490 | 470 |
III | 360 | 350 |
IV | 290 | 280 |
Avg. I-IV | 390 | 380 |
V | 220 | 210 |
VI | 180 | 170 |
VII | 110 | 100 |
Avg. V-VII | 160 | 150 |
Avg. I-VII | 340 | 330 |
VIII | 40 | 30 |
For all applicable use-value estimates, view Frederick’s brochure