Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,140 | 2,040 |
II | 1,920 | 1,830 |
III | 1,420 | 1,360 |
IV | 1,140 | 1,090 |
Avg. I-IV | 1,590 | 1,520 |
V | 850 | 810 |
VI | 710 | 680 |
VII | 430 | 410 |
Avg. V-VII | 650 | 620 |
Avg. I-VII | 1,490 | 1,420 |
VIII | 140 | 140 |
For all applicable use-value estimates, view Stafford’s brochure