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2016 TRENDS in Agricultural Land and Lease Values $25 T RENDS 2016 TRENDS in Agricultural Land and Lease Values CALIFORNIA & NEVADA presented by the California Chapter, American Society of Farm Managers and Rural Appraisers With ParcelQuest, you can: 1 2 4 3.227 4.25% 1 2 4 48 26.792 35.30% 1 2 4 58 .917 1.21% 1 1 4 23.037 30.35% 1 3 4 65 9.835 12.96% 12.090 15.93% Located in Folsom, CA 888.217.8999 www.ParcelQuest.com 2016 TRENDS in Agricultural Land and Lease Values 2016 COORDINATING TEAM 2016 Trends Coordinating Team ........................................... 1 Janie Gatzman, ARA About ASFMRA ..................................................................... 2 Tiffany Holmes, ARA California Chapter, ASFMRA ............................................. 2 American AgCredit — Oakdale, CA Mission of the California Chapter ..................................... 2 Friends of the Chapter .......................................................... 2 2016 REGION CHAIRS Introductory Membership ................................................... 2 Message from the President..................................................3 REGION 1 Chapter Officers ......................................................................3 Kyle Dalrymple 2016 Trends Sponsors .............................................................. 4 Edwards, Lien & Toso, Inc. — Gridley, CA Photographers ......................................................................... 4 Disclaimer/Copyright ............................................................ 4 REGION 2 Message from the Trends Co-Chairs ....................................5 Hal Forcey, ARA American AgCredit — Santa Rosa, CA ARTICLE 2015: Another Banner Year, or the Beginning of the End? .......6 REGION 3 Kary Griffith,ARA REGION ONE Yosemite Farm Credit — Modesto, CA Sacramento Valley ..................................................................11 Land and Lease Values .........................................................19 REGION 4 Historical Value Range per Acre ......................................20 Jaime Bigham, ARA Fresno-Madera Farm Credit — Fresno, CA REGION TWO North Coast ........................................................................... 23 Kristin Massetti, ARA Correira-Xavier, Inc. — Fresno, CA Land and Lease Values .........................................................31 Historical Value Range per Acre ...................................... 32 REGION 5 REGION THREE Mike Ming, ARA,FRICS Northern San Joaquin Valley ............................................. 35 Alliance Appraisal, LLC — Bakersfield, CA Land and Lease Values ........................................................45 Historical Value Range per Acre ......................................46 REGION 6 Allison Renz Clark, ARA REGION FOUR American AgCredit — Salinas, CA Central San Joaquin Valley ................................................49 Land and Lease Values ........................................................ 57 REGION 7 Historical Value Range per Acre ...................................... 58 David Read American AgCredit — Ontario, CA REGION FIVE Southern San Joaquin Valley ............................................. 63 REGION 8 Land and Lease Values ........................................................69 Jeff Myers Historical Value Range per Acre ...................................... 70 American AgCredit — Stockton, CA REGION SIX REGION 9 Central Coast .........................................................................73 David Bell, ARA Land and Lease Values .........................................................81 American AgCredit — Reno, NV Historical Value Range per Acre ...................................... 82 REGION SEVEN 2016 LAND VALUES DATA Southern California ............................................................. 85 Coordinated by Land and Lease Values ........................................................ 89 the Appraisal Staff of Historical Value Range per Acre ......................................90 American AgCredit and Correia-Xavier, Inc. REGION EIGHT Mountains .............................................................................. 93 Land and Lease Values ........................................................ 97 Historical Value Range per Acre ...................................... 98 REGION NINE Nevada ................................................................................... 101 Land and Lease Values .......................................................103 Historical Value Range per Acre .................................... 104 Glossary .................................................................................107 www.calasfmra.com 2016 TRENDS IN AGRICULTURAL LAND & LEASE VALUES 1 About ASFMRA California Chapter ASFMRA The American Society of Farm Managers and Rural The California Chapter of the American Society of Farm Appraisers® (ASFMRA®) is the largest professional Managers and Rural Appraisers was chartered in 1949 society for rural property land experts in the United as an affiliate of the national organization. It is a non- States. ASFMRA represents The Most Trusted Rural profit mutual benefit corporation under California Property Professionals and is the organization for indi- law and supports the educational, ethical and profes- viduals who provide management, consultation, and sional standards of ASFMRA. The California Chapter valuation services, as well as real estate services on rural is the second largest ASFMRA Chapter in the country and agricultural assets. The land experts who hold and prides itself on being an innovator in education for membership in ASFMRA work under a professional code Western Ag Professionals. Through the annual Trends of ethics, which includes continuing education require- in Agricultural Land & Lease Values publication, Spring ments. You can rest assured that if you are working with Outlook Agribusiness Conference, Fall Meeting, FARMit someone who is an accredited member of the Society, you Education Program, California Water & Irrigation are truly working with a competent land expert and agri- District Maps and numerous classes and seminars, the cultural professional who can assist you with all of your Chapter is a trusted and reliable resource for agribusiness land asset needs. in the west. The members of the California Chapter are ASFMRA, founded in 1929, provides members with the dedicated to their profession and are relied upon as being resources, information, and leadership that enable them to the best in the business. provide valuable services to the agricultural community. Mission of the California Chapter, ASFMRA Empowering The focus of ASFMRA is providing education, accreditation agricultural property professionals with education and and networking opportunities for a members who offer farm expertise to provide premier valuation, management and and ranch management, rural and real property appraising, consulting services. review appraisal, and agricultural consulting services to Friends of the Chapter The California Chapter, ASFMRA the private and public sectors and to the governmental and provides an important link for professionals through an lending communities. affiliate membership category –Friends of the Chapter. Friends is intended for those individuals who do not qualify for membership in the ASFMRA as a rural appraiser, review ASFMRA Accredited Designations appraiser, farm manager or agricultural consultant but wish to be affiliated with the California organization. AAC Accredited Agricultural Consultant AFM Accredited Farm Manager Introductory Membership The California Chapter offers an Introductory Membership for individuals who are inter- ARA Accredited Rural Appraiser ested in membership in the ASFMRA but are not ready RPRA Real Property Review Appraiser to make the national commitment. This membership category is limited to two years and is available to any new non-member who does not qualify as a Friend of the Chapter. The Introductory Membership is an excellent way to ‘ease into’ membership in the American Society and determine if it is right for you. For more information on membership, please call (209) 368-3672 or email [email protected]. TRENDS in Agricultural Land & Lease Values published by California Chapter of the American Society of Farm Managers and Rural Appraisers, Inc. (ASFMRA) P.O. Box 838 Woodbridge CA 95258 (209) 368-3672 www.calasfmra.com [email protected] 2 2016 TRENDS IN AGRICULTURAL LAND & LEASE VALUES MESSAGE from the President David F. Hamel, ARA CALIFORNIA CHAPTER Board of Directors This 2016 issue of Trends in Agricultural Land and Lease PRESIDENT Values marks the 26th year of the publication by the California Chapter of the American Society of Farm David F. Hamel, ARA Managers and Rural Appraisers. Since 1991, the Hamel Appraisal Co. Santa Maria CA publication’s growth and evolution reflects the changes in agricultural crops and livestock pro- duction practices in California and Nevada. PRESIDENT-ELECT Anthony J. Toso, ARA The publication is the flagship Trends Edwards, Lien & Toso, Inc. of the chapter’s outreach to the Hilmar CA agricultural community. Complementing the Trends are the numerous educational seminars for the professional farm manager and appraisal FIRST VICE PRESIDENT communities. The roll-out of the FARMit! training series illustrates another facet of the chapter’s dedication to professional training for the agricultural Dan Whisenhunt, AAC consultant, farm manager, and appraiser. Agcom, LLC; Dan Whisenhunt Consulting Turlock CA As always, we extend our
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