New Kent

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	2,640	2,520
III	1,960	1,870
IV	1,570	1,490
Avg. I-IV	2,480	2,370
V	1,180	1,120
VI	980	930
VII	590	560
Avg. V-VII	810	770
Avg. I-VII	2,430	2,320
VIII	200	190

For all applicable use-value estimates, view New Kent’s brochure