Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 3,720 | 3,540 |
II | 3,340 | 3,180 |
III | 2,480 | 2,360 |
IV | 1,980 | 1,890 |
Avg. I-IV | 3,100 | 2,950 |
V | 1,490 | 1,420 |
VI | 1,240 | 1,180 |
VII | 740 | 710 |
Avg. V-VII | 1,100 | 1,050 |
Avg. I-VII | 3,070 | 2,920 |
VIII | 250 | 240 |
For all applicable use-value estimates, view Southampton’s brochure