Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,650 | 2,520 |
II | 2,380 | 2,270 |
III | 1,770 | 1,680 |
IV | 1,410 | 1,350 |
Avg. I-IV | 2,330 | 2,220 |
V | 1,060 | 1,010 |
VI | 880 | 840 |
VII | 530 | 500 |
Avg. V-VII | 610 | 580 |
Avg. I-VII | 2.270 | 2,170 |
VIII | 180 | 170 |
For all applicable use-value estimates, view Middlesex’s brochure