Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 370 | 350 |
II | 330 | 320 |
III | 250 | 230 |
IV | 200 | 190 |
Avg. I-IV | 260 | 250 |
V | 150 | 140 |
VI | 120 | 120 |
VII | 70 | 70 |
Avg. V-VII | 90 | 90 |
Avg. I-VII | 230 | 220 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Montgomery’s brochure