Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 520 | 500 |
II | 470 | 450 |
III | 350 | 330 |
IV | 280 | 260 |
Avg. I-IV | 340 | 320 |
V | 210 | 200 |
VI | 170 | 170 |
VII | 100 | 100 |
Avg. V-VII | 130 | 130 |
Avg. I-VII | 250 | 240 |
VIII | 30 | 30 |
For all applicable use-value estimates, view Carroll’s brochure