Source: Food and Farm News
August 07, 2005
Farmland values in California rose more than 9 percent this year, according to a new report from the U-S Agriculture Department. The annual report placed the average value of California farmland at more than $41-hundred dollars an acre. That’s nearly three times the national average. The U-S-D-A said farmland values rose throughout the country, fueled by low interest rates, high commodity production and prices, and demand for nonagricultural land uses.
August 07, 2005
Farmland values in California rose more than 9 percent this year, according to a new report from the U-S Agriculture Department. The annual report placed the average value of California farmland at more than $41-hundred dollars an acre. That’s nearly three times the national average. The U-S-D-A said farmland values rose throughout the country, fueled by low interest rates, high commodity production and prices, and demand for nonagricultural land uses.