Hanover

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	2,500	2,380
II	2,250	2,140
III	1,660	1,580
IV	1,330	1,270
Avg. I-IV	2,140	2,030
V	1,000	950
VI	830	790
VII	500	480
Avg. V-VII	590	570
Avg. I-VIII	2,080	1,980
VIII	170	160

For all applicable use-value estimates, view Hanover, Coastal’s brochure

Income Approach– Estimated use-value of agricultural land ($/acre)

Land Class	Use-Value Without Risk	Use-Value With Risk
I	2,400	2,290
II	2,160	2,060
III	1,600	1,520
IV	1,280	1,220
Avg. I-IV	1,830	1,740
V	960	910
VI	800	760
VII	480	460
Avg. V-VII	810	770
Avg. I-VIII	1,770	1,690
VIII	160	150

For all applicable use-value estimates, view Hanover, Piedmont’s brochure