Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,980 | 2,840 |
II | 2,680 | 2,560 |
III | 1,990 | 1,890 |
IV | 1,590 | 1,510 |
Avg. I-IV | 2,620 | 2,500 |
V | 1,190 | 1,140 |
VI | 990 | 950 |
VII | 600 | 570 |
Avg. V-VII | 690 | 660 |
Avg. I-VII | 2,560 | 2,440 |
VIII | 200 | 190 |
For all applicable use-value estimates, view Middlesex’s brochure