Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 330 | 310 |
II | 290 | 280 |
III | 220 | 210 |
IV | 170 | 170 |
Avg. I-IV | 220 | 220 |
V | 130 | 120 |
VI | 110 | 100 |
VII | 70 | 60 |
Avg. V-VII | 90 | 80 |
Avg. I-VII | 180 | 170 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Bedford’s brochure