Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 960 | 920 |
II | 860 | 820 |
III | 640 | 610 |
IV | 510 | 490 |
Avg. I-IV | 650 | 620 |
V | 380 | 370 |
VI | 320 | 310 |
VII | 190 | 180 |
Avg. V-VII | 200 | 190 |
Avg. I-VII | 610 | 580 |
VIII | 60 | 60 |
For all applicable use-value estimates, view Franklin’s brochure