Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,910 | 3,730 |
II | 3,520 | 3,350 |
III | 2,610 | 2,490 |
IV | 2,090 | 1,990 |
Avg. I-IV | 3,490 | 3,320 |
V | 1,570 | 1,490 |
VI | 1,300 | 1,240 |
VII | 780 | 750 |
Avg. V-VII | 1,310 | 1,250 |
Avg. I-VII | 3,410 | 3,250 |
VIII | 260 | 250 |
For all applicable use-value estimates, view Northumberland’s brochure