New Kent

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	3,090	2,940
II	2,780	2,650
III	2,060	1,960
IV	1,650	1,570
Avg. I-IV	2,610	2,490
V	1,240	1,180
VI	1,030	980
VII	620	590
Avg. V-VII	850	810
Avg. I-VII	2,560	2,440
VIII	210	200

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