LAND VALUES COINCIDE WITH COMMODITY PRICES
September 20, 2013
Ag Land Values in West Have Strength
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.