Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 2,940 | 2,800 |
II | 2,650 | 2,520 |
III | 1,960 | 1,870 |
IV | 1,570 | 1,490 |
Avg. I-IV | 2,490 | 2,370 |
V | 1,180 | 1,120 |
VI | 980 | 930 |
VII | 590 | 560 |
Avg. V-VII | 810 | 770 |
Avg. I-VII | 2,440 | 2,320 |
VIII | 200 | 190 |
For all applicable use-value estimates, view York’s brochure