Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 240 | 230 |
II | 220 | 210 |
III | 160 | 150 |
IV | 130 | 120 |
Avg. I-IV | 170 | 160 |
V | 100 | 90 |
VI | 80 | 80 |
VII | 50 | 50 |
Avg. V-VII | 50 | 50 |
Avg. I-VII | 80 | 70 |
VIII | 20 | 20 |
For all applicable use-value estimates, view Wise’s brochure