Growing Demand for Farmland

An article by Robert Rodriguez published in the Fresno Bee and Bakersfield Californian this week sheds a peek into the growing demand for agricultural land and permanent crops. Read the article by clicking here. While we have seen the powerful buying power of cash over the last two years, many Central California banks are showing a willingness to offer financing. Young almond orchards with a water well and/or secondary access to water are commanding prices over $15,000 per acre. On average, prices are up about 20% in Fresno County. In addition, tight supply is boosting prices even further.

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