Income Approach– Estimated use-value of agricultural land ($/acre)
| Land Class | Use-Value Without Risk | Use-Value With Risk |
|---|---|---|
| I | 3,650 | 3,470 |
| II | 3,280 | 3,130 |
| III | 2,430 | 2,320 |
| IV | 1,950 | 1,850 |
| Avg. I-IV | 3,200 | 3,050 |
| V | 1,460 | 1,390 |
| VI | 1,220 | 1,160 |
| VII | 730 | 690 |
| Avg. V-VII | 740 | 700 |
| Avg. I-VII | 3,080 | 2,930 |
| VIII | 240 | 230 |
For all applicable use-value estimates, view Richmond’s brochure