Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,160 | 1,100 |
II | 1,040 | 990 |
III | 770 | 730 |
IV | 620 | 590 |
Avg. I-IV | 830 | 790 |
V | 460 | 440 |
VI | 390 | 370 |
VII | 230 | 220 |
Avg. V-VII | 330 | 310 |
Avg. I-VII | 780 | 740 |
VIII | 80 | 70 |
For all applicable use-value estimates, view Madison’s brochure