Madison

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	910	870
V	510	480
VI	420	400
VII	250	240
Avg. V-VII	350	340
Avg. I-VII	850	810
VIII	80	80

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