Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 340 | 320 |
II | 300 | 290 |
III | 220 | 210 |
IV | 180 | 170 |
Avg. I-IV | 250 | 240 |
V | 130 | 130 |
VI | 110 | 110 |
VII | 70 | 60 |
Avg. V-VII | 100 | 100 |
Avg. I-VII | 220 | 210 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Albemarle’s brochure