Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 830 | 790 |
II | 750 | 710 |
III | 560 | 530 |
IV | 440 | 420 |
Avg. I-IV | 640 | 610 |
V | 330 | 320 |
VI | 280 | 260 |
VII | 170 | 160 |
Avg. V-VII | 230 | 210 |
Avg. I-VII | 600 | 570 |
VIII | 60 | 50 |
For all applicable use-value estimates, view Nottoway’s brochure