Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 670 | 640 |
II | 610 | 580 |
III | 450 | 430 |
IV | 360 | 340 |
Avg. I-IV | 520 | 500 |
V | 270 | 260 |
VI | 220 | 210 |
VII | 130 | 130 |
Avg. V-VII | 180 | 170 |
Avg. I-VII | 490 | 460 |
VIII | 40 | 40 |
For all applicable use-value estimates, view Nottoway’s brochure