New Kent

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	2,570	2,450
II	2,320	2,210
III	1,720	1,630
IV	1,370	1,310
Avg. I-IV	2,180	2,080
V	1,030	980
VI	860	820
VII	510	490
Avg. V-VII	700	670
Avg. I-VII	2,140	2,040
VIII	170	160

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