Ag Land Values in West Have
TODAY Rabobank published a
new report on U.S. land values. Vernon Crowder, senior analyst based in Fresno,
co-authored the report and notes that in the Western U.S., land values are
expected to move in the same direction as the Midwest with one caveat.
“The changes seen in land
values in the West, especially those in California, should be less dramatic
than that of the rest of the country,” said Crowder. “This is due in large part
to the diversity of crops grown in the region.”
According to the report, in
the medium term adjustments in values will generally only coincide with
commodity prices and weaken with the increase of interest rates and the value
of the US Dollar.
Labels: Ag Land Values in West Have Strength, LAND VALUES COINCIDE WITH COMMODITY PRICES, Vernon Crowder