Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 680 | 650 |
II | 620 | 590 |
III | 460 | 430 |
IV | 360 | 350 |
Avg. I-IV | 500 | 470 |
V | 270 | 260 |
VI | 230 | 220 |
VII | 140 | 130 |
Avg. V-VII | 200 | 190 |
Avg. I-VII | 440 | 410 |
VIII | 50 | 40 |
For all applicable use-value estimates, view Frederick’s brochure