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.
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
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Here are the top agriculture news headlines from RFD-TV News today (Thursday, March 20, 2025) and the top trending stories on RFD-TV News.
March 20, 2025 02:48 PM
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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
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“It really hamstrings our availability of financing to get loans when everything is costing 30-60% more.”
February 12, 2025 10:10 AM
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February 11, 2025 11:40 AM
January 20, 2025 11:43 AM
RFD-TV ag law and tax expert Roger McEowen with the Washburn School of Law dives into common disputes over boundaries and conflicting surveys in agriculture.
December 01, 2024 12:51 PM
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