Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,100 | 1,050 |
II | 990 | 940 |
III | 730 | 700 |
IV | 590 | 560 |
Avg. I-IV | 890 | 840 |
V | 440 | 420 |
VI | 370 | 350 |
VII | 220 | 210 |
Avg. V-VII | 340 | 320 |
Avg. I-VII | 860 | 820 |
VIII | 70 | 70 |
For all applicable use-value estimates, view Powhatan’s brochure