Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,270 | 1,210 |
II | 1,140 | 1,090 |
III | 850 | 810 |
IV | 680 | 640 |
Avg. I-IV | 970 | 920 |
V | 510 | 480 |
VI | 420 | 400 |
VII | 250 | 240 |
Avg. V-VII | 430 | 410 |
Avg. I-VII | 940 | 890 |
VIII | 80 | 80 |
For all applicable use-value estimates, view Louisa’s brochure