Income Approach– Estimated use-value of agricultural land ($/acre)
Land Class | Use-Value Without Risk | Use-Value With Risk |
---|---|---|
I | 1,050 | 1,000 |
II | 950 | 900 |
III | 770 | 670 |
IV | 560 | 540 |
Avg. I-IV | 770 | 730 |
V | 420 | 400 |
VI | 350 | 330 |
VII | 210 | 200 |
Avg. V-VII | 280 | 260 |
Avg. I-VII | 720 | 680 |
VIII | 70 | 70 |
For all applicable use-value estimates, view Shenandoah’s brochure