Richmond

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	3,020	2,870
II	2,720	2,590
III	2,010	1,920
IV	1,610	1,530
Avg. I-IV	2,650	2,520
V	1,210	1,150
VI	1,010	960
VII	600	570
Avg. V-VII	610	580
Avg. I-VII	2,550	2,420
VIII	200	190

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