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.
Farm legal and taxation expert Roger McEowen discusses tariffs’ impacts on agriculture, deferred payment contracts, tax easement issues, and the rise in warrantless searches on farms and ranches.
April 06, 2025 12:21 PM
·
Property rights are fundamental constitutional rights. It’s refreshing to see the courts (and a jury) uphold them in a well-balanced manner against other equally fundamental constitutional rights.
March 30, 2025 11:58 AM
·
RFD-TV agricultural law and taxation expert Roger McEowen discusses issues concerning farmers and ranchers, such as trade vs. business, income tax basis, croppers, and like-kind exchanges.
March 23, 2025 11:31 AM
·
RFD-TV Ag Law & Tax Expert Roger McEowen outlines the top ten agricultural law and taxation topics from 2024 that will impact farmers and ranchers the most in 2025.
February 27, 2025 02:08 PM
·
“It really hamstrings our availability of financing to get loans when everything is costing 30-60% more.”
February 12, 2025 10:10 AM
·
February 11, 2025 11:40 AM
February 04, 2025 11:01 AM
“Now, we don’t know if income is dependent on a trade issue, and extra payment or disaster... or any number of things that we used to not have as high on the list of potential problems.”
January 22, 2025 03:22 PM
