Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,720 | 1,640 |
II | 1,550 | 1,470 |
III | 1,150 | 1,090 |
IV | 920 | 870 |
Avg. I-IV | 1,280 | 1,220 |
V | 690 | 660 |
VI | 570 | 550 |
VII | 340 | 330 |
Avg. V-VII | 520 | 500 |
Avg. I-VII | 1,200 | 1,140 |
VIII | 110 | 110 |
For all applicable use-value estimates, view Stafford’s brochure