Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 350 | 330 |
II | 310 | 300 |
III | 230 | 220 |
IV | 180 | 180 |
Avg. I-IV | 230 | 230 |
V | 140 | 130 |
VI | 120 | 110 |
VII | 70 | 70 |
Avg. V-VII | 90 | 90 |
Avg. I-VII | 190 | 190 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Bedford’s brochure