Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 230 | 220 |
II | 210 | 200 |
III | 160 | 150 |
IV | 130 | 120 |
Avg. I-IV | 170 | 160 |
V | 90 | 90 |
VI | 80 | 70 |
VII | 50 | 40 |
Avg. V-VII | 70 | 60 |
Avg. I-VII | 150 | 140 |
VIII | 20 | 10 |
For all applicable use-value estimates, view Greene’s brochure