Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 420 | 400 |
II | 380 | 360 |
III | 280 | 270 |
IV | 230 | 220 |
Avg. I-IV | 320 | 300 |
V | 170 | 160 |
VI | 140 | 130 |
VII | 80 | 80 |
Avg. V-VII | 100 | 100 |
Avg. I-VII | 300 | 290 |
VIII | 30 | 30 |
For all applicable use-value estimates, view Page’s brochure