Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 140 | 140 |
II | 130 | 120 |
III | 100 | 90 |
IV | 80 | 70 |
Avg. I-IV | 100 | 90 |
V | 60 | 50 |
VI | 50 | 50 |
VII | 30 | 30 |
Avg. V-VII | 40 | 40 |
Avg. I-VII | 90 | 80 |
VIII | 10 | 10 |
For all applicable use-value estimates, view Nelson’s brochure