Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,170 | 1,110 |
II | 1,050 | 1,000 |
III | 780 | 740 |
IV | 620 | 590 |
Avg. I-IV | 950 | 900 |
V | 470 | 440 |
VI | 390 | 370 |
VII | 230 | 220 |
Avg. V-VII | 390 | 370 |
Avg. I-VII | 940 | 890 |
VIII | 80 | 70 |
For all applicable use-value estimates, view Chesterfield’s brochure