Jun 27, 2018
Since peaking in 2015, some California agricultural land prices have since softened. Lower tree nut prices, low capitalization rates for investors, and rising production costs all play a part, but the impending implementation of California’s Sustainable Groundwater Management Act will continue to put additional downward pressure on specific types of property in specific California growing regions, particularly in the San Joaquin Valley. Roland Fumasi, a Senior Agricultural Analyst at Rabobank, gives us his 2018-19 baseline outlook for California agricultural land values for each specific growing region in the state.