Home | About | Blog | Facebook | Twitter

Friday, January 08, 2016

Kern farmland holds its value as boom wanes - The Bakersfield Californian

Kern farmland holds its value as boom wanes - The Bakersfield Californian: Prices for Kern County agricultural property held stable last year, and rose in some cases, according to a new report suggesting the boom in local farmland since 2005 may have slowed but has not gone bust.

The year-end 2015 report by Bakersfield brokerage Alliance Ag Services says local farmland at least maintained its value in most categories, but that where it didn’t, the problem was access to water as opposed to investors losing their enthusiasm for agriculture.