The following ranges govern the valuation and assessment of land eligible for agricultural use assessment, based on the capitalization of Statewide farmland rentals: Use Value/Assessment Class 1 FCMA land $125 per acre/$125 per acre Class 2 Land under a private woodland management plan $187.50 per acre/$187.50 per acre Class 3 Other eligible land $125—$500 per acre/$125—$500 per acre