Land Worth Lots | The Olive Oil Source

Land Worth Lots

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.