Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,060 | 2,920 |
II | 2,750 | 2,620 |
III | 2,040 | 1,940 |
IV | 1,630 | 1,550 |
Avg. I-IV | 2,680 | 2,550 |
V | 1,220 | 1,170 |
VI | 1,020 | 970 |
VII | 610 | 580 |
Avg. V-VII | 1,090 | 1,040 |
Avg. I-VII | 2,380 | 2,260 |
VIII | 200 | 190 |
For all applicable use-value estimates, view Greenesville’s brochure