Shenandoah

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	1,180	1,130
II	1,060	1,010
III	790	750
IV	630	600
Avg. I-IV	860	820
V	470	450
VI	390	380
VII	240	230
Avg. V-VII	310	300
Avg. I-VII	810	770
VIII	80	80

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