Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,570 | 3,400 |
| II | 3,220 | 3,060 |
| III | 2,380 | 2,270 |
| IV | 1,910 | 1,820 |
| Avg. I-IV | 3,190 | 3,030 |
| V | 1,430 | 1,360 |
| VI | 1,190 | 1,130 |
| VII | 710 | 680 |
| Avg. V-VII | 1,200 | 1,140 |
| Avg. I-VII | 3,140 | 2,990 |
| VIII | 240 | 230 |
For all applicable use-value estimates, view Lancaster’s brochure