Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,340 | 3,180 |
II | 3,010 | 2,870 |
III | 2,230 | 2,120 |
IV | 1,780 | 1,700 |
Avg. I-IV | 2,940 | 2,810 |
V | 1,340 | 1,270 |
VI | 1,110 | 1,060 |
VII | 670 | 640 |
Avg. V-VII | 770 | 740 |
Avg. I-VII | 2.870 | 2,740 |
VIII | 220 | 210 |
For all applicable use-value estimates, view Middlesex’s brochure