Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 660 | 630 |
II | 590 | 570 |
III | 440 | 420 |
IV | 350 | 340 |
Avg. I-IV | 440 | 430 |
V | 260 | 250 |
VI | 220 | 210 |
VII | 130 | 130 |
Avg. V-VII | 150 | 150 |
Avg. I-VII | 350 | 340 |
VIII | 40 | 40 |
For all applicable use-value estimates, view Smyth’s brochure