Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,710 | 2,580 |
II | 2,440 | 2,320 |
III | 1,810 | 1,720 |
IV | 1,450 | 1,380 |
Avg. I-IV | 2,230 | 2,120 |
V | 1,080 | 1,030 |
VI | 900 | 860 |
VII | 540 | 520 |
Avg. V-VII | 810 | 770 |
Avg. I-VII | 2,170 | 2,070 |
VIII | 180 | 170 |
For all applicable use-value estimates, view Gloucester’s brochure