Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 640 | 610 |
II | 570 | 550 |
III | 420 | 400 |
IV | 340 | 320 |
Avg. I-IV | 490 | 470 |
V | 250 | 240 |
VI | 210 | 200 |
VII | 130 | 120 |
Avg. V-VII | 170 | 160 |
Avg. I-VII | 430 | 420 |
VIII | 40 | 40 |
For all applicable use-value estimates, view Prince Edward’s brochure