New Kent

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	2,530	2,410
II	2,280	2,170
III	1,690	1,610
IV	1,350	1,280
Avg. I-IV	2,140	2,040
V	1,010	960
VI	840	800
VII	510	480
Avg. V-VII	690	660
Avg. I-VIII	2,100	2,000
VIII	170	160

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