Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 170 | 170 |
II | 160 | 150 |
III | 120 | 110 |
IV | 90 | 90 |
Avg. I-IV | 120 | 110 |
V | 70 | 70 |
VI | 60 | 60 |
VII | 30 | 30 |
Avg. V-VII | 50 | 50 |
Avg. I-VII | 90 | 90 |
VIII | 10 | 10 |
For all applicable use-value estimates, view Roanoke’s brochure