Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,080 | 1,990 |
II | 1,880 | 1,790 |
III | 1,390 | 1,320 |
IV | 1,110 | 1,060 |
Avg. I-IV | 1,550 | 1,480 |
V | 830 | 790 |
VI | 690 | 660 |
VII | 420 | 400 |
Avg. V-VII | 630 | 600 |
Avg. I-VII | 1,460 | 1,390 |
VIII | 140 | 130 |
For all applicable use-value estimates, view Stafford’s brochure