Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 990 | 940 |
II | 890 | 850 |
III | 660 | 630 |
IV | 530 | 500 |
Avg. I-IV | 770 | 730 |
V | 400 | 380 |
VI | 330 | 310 |
VII | 200 | 190 |
Avg. V-VII | 270 | 250 |
Avg. I-VII | 710 | 680 |
VIII | 70 | 60 |
For all applicable use-value estimates, view Nottoway’s brochure