California has been in the headlines for the past year because of the record-setting drought the state has experienced, which was expected to impact land values. Now, the California chapter of the American Society of Farm Managers and Rural Appraisers, released its 2016 Trends in Agricultural Land & Lease Values publication at its recent annual Outlook Agribusiness Conference.
The big question is what is going to happen to rural land values. As 2015 saw increasing land values in nearly all land use categories and regions in California, can this continue? According to Janie Gatzman, ARA, co-chair of the Trends publication, "You can rest assured, 2016 will bring change - and not just in the entertaining spectacle known as the presidential race."
In her overview article, 2015: Another Banner Year, or the Beginning of the End? Gatzman reviews the state's top commodities and their performance in 2015. She notes that "While late-year volatility in the nut markets had little chance to impact 2015 land values...one of the key factors driving the increase in land values - record farm profitability - has fundamentally changed in 2016."
The Trends in Agricultural Land & Lease Values includes nine regions, covering all of California and Nevada. Each region includes an editorial overview, Land and Lease Value charts organized by land use and geographic area, and Historical Value charts and graphs going back an average of 10 years.
Trends is available in both hard copy and PDF formats and is sold for $25. Orders may be placed through the California Chapter's web site at www.calasfmra.com.