Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 850 | 810 |
II | 770 | 730 |
III | 570 | 540 |
IV | 450 | 430 |
Avg. I-IV | 650 | 620 |
V | 340 | 320 |
VI | 280 | 270 |
VII | 170 | 160 |
Avg. V-VII | 290 | 270 |
Avg. I-VII | 630 | 600 |
VIII | 60 | 50 |
For all applicable use-value estimates, view Louisa’s brochure