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Here Edwards, Lien & Toso, Inc 2018 Trends®|IN AGRICULTURAL LAND & LEASE VALUES 2018 COORDINATING TEAM 2018 Trends® Coordinating Team ................................................. 1 Janie Gatzman, ARA About ASFMRA ............................................................................ 2 Gatzman Appraisal — Oakdale, CA California Chapter, ASFMRA ....................................................... 2 Tiffany Holmes, ARA Mission of the California Chapter ................................................. 2 Edward, Lien & Toso, Inc. — Hilmar, CA Friends of the Chapter ................................................................... 2 Liz McAfee Message from the President .......................................................... 3 It’s Liz! A Design Studio — Fresno, CA Chapter Board of Directors ........................................................... 3 ® Suzie Roget 2018 Trends Sponsors ................................................................. 4 California Chapter, ASFMRA Photographers ................................................................................ 4 Woodbridge CA Disclaimer/Copyright .................................................................... 4 Message from the Trends® Co-Chairs ........................................... 5 ARTICLE 2017: A Strange Year .................................................................... 7 2018 REGION CHAIRS REGION ONE REGION ONE Sacramento Valley ........................................................................13 Kyle Dalrymple Land and Lease Values .................................................................19 Edwards, Lien & Toso, Inc. — Gridley CA Historical Value Range per Acre ..................................................20 REGION TWO REGION TWO Hal Forcey, ARA North Coast ..................................................................................23 Forcey Appraisal — Santa Rosa CA Land and Lease Values .................................................................31 Historical Value Range per Acre ..................................................32 REGION THREE REGION THREE Kary Griffith Northern San Joaquin Valley ........................................................35 Yosemite Farm Credit — Modesto CA Land and Lease Values .................................................................43 REGION FOUR Historical Value Range per Acre ..................................................44 Jaime Bigham, ARA REGION FOUR Fresno-Madera Farm Credit — Fresno CA Central San Joaquin Valley ..........................................................51 Kristin Massetti, ARA Land and Lease Values .................................................................59 Correira-Xavier, Inc. — Fresno CA Historical Value Range per Acre ..................................................60 REGION FIVE REGION FIVE Southern San Joaquin Valley ........................................................67 Michael Ming, ARA, FRICS Alliance Appraisal, LLC — Bakersfield CA Land and Lease Values .................................................................73 Historical Value Range per Acre ..................................................74 REGION SIX REGION SIX Allison Renz Clark, ARA Central Coast ................................................................................79 American AgCredit — Salinas CA Land and Lease Values .................................................................87 Historical Value Range per Acre ..................................................88 REGION SEVEN Curtis A. Buono, ARA, MAI, AI-GRS REGION SEVEN Cushman & Wakefield — San Diego CA Southern California ......................................................................91 Land and Lease Values .................................................................95 REGION EIGHT Historical Value Range per Acre ..................................................96 Michael F. Merkley, ARA REGION EIGHT American AgCredit — Fallon NV Mountains.....................................................................................99 Land and Lease Values ...............................................................103 REGION NINE Historical Value Range per Acre ................................................104 David K. Bell, ARA American AgCredit — Reno NV REGION NINE Nevada .......................................................................................107 Land and Lease Values ...............................................................109 Historical Value Range per Acre ................................................110 Glossary .....................................................................................113 www.calasfmra.com 2018 TRENDS® in Agricultural Land & Lease Values 1 About|ASFMRA California Chapter|ASFMRA The American Society of Farm Managers and Rural Appraisers® The California Chapter of the American Society of Farm (ASFMRA®) is the largest professional society for rural Managers and Rural Appraisers was chartered in 1949 property land experts in the United States. ASFMRA repre- as an affiliate of the national organization. It is a non- sents The Most Trusted Rural Property Professionals and is the profit mutual benefit corporation under California law and organization for individuals who provide management, con- supports the educational, ethical and professional standards sultation, and valuation services, as well as real estate services of ASFMRA. The California Chapter is the second largest on rural and agricultural assets. The land experts who hold ASFMRA Chapter in the country and prides itself on being an membership in ASFMRA work under a professional code of innovator in education for Western Ag Professionals. Through ethics, which includes continuing education requirements. the annual Trends® in Agricultural Land & Lease Values You can rest assured that if you are working with someone publication, Spring Outlook Agribusiness Conference, Fall who is an accredited member of the Society, you are truly Meeting, FARMit® Education Program, California Water & working with a competent land expert and agricultural pro- Irrigation District Maps and numerous classes and seminars, fessional who can assist you with all of your land asset needs. the Chapter is a trusted and reliable resource for agribusi- ASFMRA, founded in 1929, provides members with the ness in the west. The members of the California Chapter are resources, information, and leadership that enable them to dedicated to their profession and are relied upon as being the provide valuable services to the agricultural community. best in the business. The focus of ASFMRA is providing education, accreditation Mission of the California Chapter, ASFMRA Empowering and networking opportunities for members who offer farm agricultural property professionals with education and and ranch management, rural and real property appraising, expertise to provide premier valuation, management and con- review appraisal, and agricultural consulting services to sulting services. the private and public sectors and to the governmental and lending communities. Friends of the Chapter The California Chapter, ASFMRA provides an important link for professionals through an affiliate membership category – Friends of the Chapter. Accredited Designations|ASFMRA Friends is intended for those individuals who do not qualify for membership in the ASFMRA as a rural appraiser, review appraiser, farm manager or agricultural consultant but wish AAC Accredited Agricultural Consultant to be affiliated with the California organization. AFM Accredited Farm Manager ARA Accredited Rural Appraiser For more information on membership or Chapter RPRA Real Property Review Appraiser activities, please call (209) 368-3672 or email [email protected] 2018 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 2018 TRENDS® in Agricultural Land & Lease Values Message from the|PRESIDENT California Chapter|BOARD of DIRECTORS The California Chapter of the American Society of Farm Managers and Rural Appraisers once again PRESIDENT presents Trends® in Agricultural Land and Lease Values. Over the years, Trends® has become the ubiq- Dan Whisenhunt, AAC, MBA uitous reference guide for investors, farm managers, Agcom, LLC/Dan Whisenhunt Consulting agricultural consultants, valuation professionals, Turlock CA lenders and other agricultural professionals looking for land and lease values. Since its inception in PRESIDENT-ELECT 1991, the publication’s growth has been unabated JoAnn C. Wall, ARA and value-added for the reader, serving an ever- Above & Beyond Real Estate Services, Inc. widening audience, both professionally and Templeton CA geographically. We are very fortunate to possess the resources within the California Chapter to continue to compile and present this valuable informa- tion, making it available to agriculturalists throughout the country. FIRST VICE PRESIDENT The Trends® publication and the Outlook Agribusiness Conference could Martin Seanez, ARA not happen without the commitment and hard work of many people. There Edwards, Lien & Toso, Inc. Fresno CA are numerous professionals who selflessly donate their time and resources to make this event and publication valuable to the agriculture industry. We also need to recognize those who came before us; whose vision and dedication SECOND VICE PRESIDENT made Trends® and the Outlook Conference the successes that they
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