Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,550 | 1,480 |
II | 1,400 | 1,330 |
III | 1,040 | 990 |
IV | 830 | 790 |
Avg. I-IV | 1,260 | 1,200 |
V | 620 | 590 |
VI | 520 | 490 |
VII | 310 | 300 |
Avg. V-VII | 520 | 490 |
Avg. I-VII | 1,250 | 1,190 |
VIII | 100 | 100 |
For all applicable use-value estimates, view Chesterfield’s brochure