Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 410 | 390 |
II | 370 | 350 |
III | 270 | 260 |
IV | 220 | 210 |
Avg. I-IV | 330 | 320 |
V | 160 | 160 |
VI | 140 | 130 |
VII | 80 | 80 |
Avg. V-VII | 120 | 110 |
Avg. I-VII | 330 | 310 |
VIII | 30 | 30 |
For all applicable use-value estimates, view Clarke’s brochure