Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,420 | 1,350 |
II | 1,280 | 1,220 |
III | 950 | 900 |
IV | 760 | 720 |
Avg. I-IV | 1,040 | 990 |
V | 570 | 540 |
VI | 470 | 450 |
VII | 280 | 270 |
Avg. V-VII | 450 | 430 |
Avg. I-VII | 980 | 930 |
VIII | 90 | 90 |
For all applicable use-value estimates, view Orange’s brochure