California farmland values have taken a hit.
It is a price trend our friends at the American Society of Farm Managers and Rural Appraisers have been warning of for quite a while.
A new groundwater law combined with poor commodity prices has led to double digit year-over-year farmland declines. While the San Joaquin Valley tends tohave greater water access than other parts of the state, farmland values there have still fallen.
Almond orchards that once sold for $60,000 an acre are now facing prices below just $44,000 an acre.
Meanwhile in Hawaii, the state is looking to purchase over 1,000 of farmland in Kaua’i that is currently owned by a billionare tech entrepreneur.
The $39 million deal is still waiting legislative approval. The state hopes to use the land to achieve local food production goals by allowing Hawaii’s Agribusiness Development Corps to satisfy the demand of farmers looking for access to more land.
A U.S. Federal District Court upheld an Arizona rancher’s legal complaint against the Biden Administration’s decision to halt construction on a U.S.-Mexico border wall violated environmental law and the plaintiff’s property rights.
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In his latest Firm to Farm blog post, Ag Legal & Taxation Expert Roger McEowen examines contracts, insurance, and property rights and how those legal processes can impact your farm or ranch operation.
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RFD-TV ag legal expert Roger McEowen examines common issues facing farmers, ranchers, and rural landowners: SAF fuel, R&D credit, drones, and cleaning fencerows.
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Right-to-Farm Law Inapplicable when Farming Operation Not in Compliance with State Law – All of It
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Agricultural law and taxation expert Roger McEowen discusses issues facing farmers and ranchers, like self-defense, Good Samaritan laws, preparing for the exit, and cleaning out fencerows.
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When you work on your estate plan, RFD-TV’s farm legal and tax expert Roger McEowen recommends preparing a vital list of information for whoever will need it.
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