Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 120 | 110 |
| II | 110 | 100 |
| III | 80 | 80 |
| IV | 60 | 60 |
| Avg. I-IV | 100 | 90 |
| V | 50 | 50 |
| VI | 40 | 40 |
| VII | 20 | 20 |
| Avg. V-VII | 30 | 30 |
| Avg. I-VII | 80 | 70 |
| VIII | 10 | 10 |
For all applicable use-value estimates, view Alleghany’s brochure