Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,120 | 1,070 |
II | 1,010 | 960 |
III | 750 | 710 |
IV | 600 | 570 |
Avg. I-IV | 830 | 790 |
V | 450 | 430 |
VI | 370 | 360 |
VII | 220 | 220 |
Avg. V-VII | 350 | 340 |
Avg. I-VII | 800 | 760 |
VIII | 70 | 70 |
For all applicable use-value estimates, view Goochland’s brochure