Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,290 | 2,180 |
II | 2,060 | 1,960 |
III | 1,520 | 1,450 |
IV | 1,220 | 1,160 |
Avg. I-IV | 1,680 | 1,600 |
V | 910 | 870 |
VI | 760 | 730 |
VII | 460 | 440 |
Avg. V-VII | 730 | 700 |
Avg. I-VII | 1,570 | 1,500 |
VIII | 150 | 150 |
For all applicable use-value estimates, view Orange’s brochure