Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 4,840 | 4,610 |
II | 4,350 | 4,140 |
III | 3,220 | 3,070 |
IV | 2,580 | 2,460 |
Avg. I-IV | 4,580 | 4,370 |
V | 1,930 | 1,840 |
VI | 1,610 | 1,540 |
VII | 970 | 920 |
Avg. V-VII | 1,050 | 1,000 |
Avg. I-VII | 4,520 | 4,300 |
VIII | 320 | 310 |
For all applicable use-value estimates, view Northampton’s brochure