Madison

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