Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,840 | 3,660 |
| II | 3,460 | 3,290 |
| III | 2,560 | 2,440 |
| IV | 2,050 | 1,950 |
| Avg. I-IV | 3,370 | 3,210 |
| V | 1,540 | 1,460 |
| VI | 1,280 | 1,220 |
| VII | 770 | 730 |
| Avg. V-VII | 780 | 740 |
| Avg. I-VII | 3,240 | 3,080 |
| VIII | 260 | 240 |
For all applicable use-value estimates, view Richmond’s brochure