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

Land ClassUse-Value Without RiskUse-Value With Risk
I2,5802,450
II2,3202,210
III1,7201,640
IV1,3701,310
Avg. I-IV 2,1802,080
V1,030980
VI860820
VII520490
Avg. V-VII710670
Avg. I-VII2,1402,040
VIII170160

For all applicable use-value estimates, view James City’s brochure