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

Land ClassUse-Value Without RiskUse-Value With Risk
I1,7601,680
II1,5801,510
III1,1701,120
IV940890
Avg. I-IV 1,5201,450
V700670
VI590560
VII350340
Avg. V-VII450440
Avg. I-VII1,4901,420
VIII120110

For all applicable use-value estimates, view Petersburg City’s brochure