Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,010 | 960 |
II | 910 | 870 |
III | 670 | 640 |
IV | 540 | 510 |
Avg. I-IV | 820 | 780 |
V | 400 | 390 |
VI | 340 | 320 |
VII | 200 | 190 |
Avg. V-VII | 310 | 300 |
Avg. I-VII | 790 | 760 |
VIII | 70 | 60 |
For all applicable use-value estimates, view Powhatan’s brochure