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.
Two more key developments in ag law and taxation from 2023, a crackdown on biodiesel fraud and developments in self-employment taxation (#7 and #6), are the topic of today’s Firm to Farm blog post, the second in a series by RFD-TV agri-legal expert Roger McEowen.
January 18, 2024 12:44 PM
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The start of the review of the most important ag law and tax developments of 2023—that is the topic of today’s Firm to Farm blog post by RFD-TV agri-legal expert Roger A. McEowen
January 04, 2024 12:20 PM
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Just how much are probate fees? How are they determined? That is the topic of today’s Firm to Farm blog post by RFD-TV’s Agri-Legal Expert Roger A. McEowen.
December 12, 2023 11:23 AM
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The distinction between co-tenancy and joint tenancy and why it matters — is the topic of today’s Firm to Farm blog post by RFD-TV Agri-Legal Expert Roger McEowen.
December 11, 2023 02:13 PM
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What are the relative advantages and disadvantages of the split-interest transaction? And what are the rules when property that was acquired in a split-interest transaction is sold? That is the topic of today’s blog post by RFD-TV Agri-Legal Expert Roger McEowen.
November 02, 2023 09:00 AM
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A split-interest transaction involves one party acquiring a temporary interest in the asset (such as a term certain or life estate), with the other party acquiring a remainder interest. That is the topic of today’s Firm to Farm blog post by RFD-TV Agrilegal Expert Roger A. McEowen.
November 01, 2023 09:00 AM
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As I try to catch up on my writing after being on the road for a lengthy time, I have several recurring themes in my legal work. Another potpourri of random ag law and tax issues — that is the topic of today’s Firm to Farm blog post by RFD-TV Agrilegal Expert Roger McEowen.
October 31, 2023 02:21 PM
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Gov. Sarah Huckabee Sanders spoke with RFD-TV’s own Susan Alexander this Monday morning on the Market Day Report to explain Arkansas’s recently passed giving lawmakers greater authority to sanction foreign ag-land ownership within the state.
October 30, 2023 12:51 PM
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In today’s blog post, RFD-TV Agri-Legal Expert Roger A. McEowen shares some random thoughts on land value and transitioning your farming or ranching business to a new generation.
October 13, 2023 11:31 AM
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