Jun 10, 2019

Prices stable for California orchard real estate

The California chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA), released its 2019 Trends in Agricultural Land & Lease Values report this spring to a group of more than 220 gathered at the Outlook 2019 Agribusiness Conference in Sacramento.

The Trends report predominantly covers land value activity for the prior year.

“Overall most agricultural land classes remained stable throughout California in 2018, with strong and stable trends notably in the premium wine grape vineyard and tree nut orchard markets,” said Janie Gatzman who with Tiffany Holmes co-chairs the publication. She went on to add that the impacts of the Sustainable Groundwater Management Act (SGMA) are becoming more apparent, particularly in Central and Southern San Joaquin Valley land markets.

Trends in Agricultural Land & Lease Values includes nine regions, covering all of California and Nevada. Each region features an editorial overview, Land and Lease Value charts organized by geographic area and land use, and Historical Value charts and graphs. It is a widely used resource tool in the industry and the only one of its kind that provides this type of comprehensive data. A water article was added to this year’s report entitled ‘Four Steps to Analyzing Water Risks’ which has proven to be very timely information given the impending impacts of SGMA.

The publication is available at www.calasfmra.com.