Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 950 | 910 |
II | 860 | 820 |
III | 630 | 600 |
IV | 510 | 480 |
Avg. I-IV | 770 | 730 |
V | 380 | 360 |
VI | 320 | 300 |
VII | 190 | 180 |
Avg. V-VII | 290 | 280 |
Avg. I-VII | 750 | 710 |
VIII | 60 | 60 |
For all applicable use-value estimates, view Powhatan’s brochure