Caroline

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

Land Class	Use-Value Without Risk	Use-Value With Risk
I	2,830	2,700
II	2,550	2,430
III	1,890	1,800
IV	1,510	1,440
Avg. I-IV	2,440	2,330
V	1,130	1,080
VI	940	900
VII	570	540
Avg. V-VII	940	900
Avg. I-VII	2,380	2,270
VIII	190	180

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