- Farmland interest, driven by global food demand, is being felt in the Central Valley and San Joaquin County as well.
As food commodity prices have risen, so has the value of land used to produce the crops.
And the interest in farmland, driven by global food demand, with money from institutional, private and foreign investors, as well as farmers looking to expand their operations, is being felt in the Central Valley and San Joaquin County as well.
Although less dramatic than gains seen in other regions, a recent report showed prices rising for nearly all types of farms, except for dairy.
That report, from the California Chapter of the American Society Farm Managers & Rural Appraisers, shows the price of east San Joaquin County cropland rose to $12,000 to $20,000 an acre last year, from $8,000 to $11,000 in 2010. Also, a south county almond orchard that might have fetched $16,000 to $22,000 an acre seven years ago would more likely cost $18,000 to $30,000 in 2012.
Most impressive may be a roughly doubling of cherry orchard prices, to $25,000 to $38,000 in 2012 from $13,000 to $18,000 in 2006.
For more, see S.J. farmland values growing well
More from Western Farm Press