Source: ASFMRA, California Chapter news release
Woodbridge, CA – The California Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) has released its annual Trends in Agricultural Land & Lease Values report. The release of Trends is widely anticipated in the agribusiness and real estate communities as it provides both current and historical land and lease value information for rural properties in California and Nevada. 2020 marks the 30th year for the publication.
The Trends report predominantly covers land value activity for the prior year. Janie Gatzman, ARA, who with Tiffany Holmes, ARA, Co-Chairs the publication, stated “The 2020 edition of Trends highlights how anticipated SGMA groundwater regulations impacted land values throughout the past year, particularly in the San Joaquin Valley. It holds some surprisingly divergent value trends for wine grape vineyards, and perhaps not-so-surprising continued strength in value for nut crop orchards throughout the state.”
Gatzman added, “As Groundwater Sustainability Plans are implemented in much of the San Joaquin Valley this year, we expect the value trends from 2019-2020 to continue to show a starkly changing market due solely to regulatory intervention.”
Trends in Agricultural Land & Lease Values includes nine regions covering 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. Trends is a widely used resource tool in both the agricultural and real estate arenas and is the only report of its kind that provides this type of comprehensive data.
Trends in Agricultural Land and Lease Values is published annually by the California Chapter, ASFMRA and is available in both hard copy and PDF formats.
Orders may be placed through the California Chapter web site at www.calasfmra.com.