Madison

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	1,320	1,250
II	1,180	1,130
III	880	840
IV	700	670
Avg. I-IV	940	900
V	530	500
VI	440	420
VII	260	250
Avg. V-VII	370	350
Avg. I-VIII	880	840
VIII	90	80

For all applicable use-value estimates, view Madison’s brochure