Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 940 | 900 |
| II | 850 | 810 |
| III | 630 | 600 |
| IV | 500 | 480 |
| Avg. I-IV | 700 | 670 |
| V | 380 | 360 |
| VI | 310 | 300 |
| VII | 190 | 180 |
| Avg. V-VII | 290 | 280 |
| Avg. I-VII | 670 | 640 |
| VIII | 60 | 60 |
For all applicable use-value estimates, view Goochland’s brochure