Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 570 | 540 |
II | 510 | 490 |
III | 380 | 360 |
IV | 300 | 290 |
Avg. I-IV | 440 | 420 |
V | 230 | 220 |
VI | 190 | 180 |
VII | 110 | 110 |
Avg. V-VII | 200 | 190 |
Avg. I-VII | 420 | 400 |
VIII | 40 | 40 |
For all applicable use-value estimates, view Fairfax’s brochure