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Farmland Values in California: Pre- and Post-COVID-19 Perspectives

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  • Cai, Xiaowei
  • Volpe, Richard
  • Barraza, Fernando

Abstract

The specialty crop industry in California is still adapting to the ever-changing circumstances in the aftermath of the COVID-19 outbreak, including labor shortage and market disruptions. This article utilizes secondary data to shed light on the most recent trends in farmland values for specific fruits and tree nuts in the state, as well as the various factors that may impact farmland values. These factors encompass crop yield, production levels, and a range of macroeconomic indicators. Subsequently, we employ correlation analyses to furnish evidence indicating that the degree of association between farmland values in California and these factors differs depending on the type of commodity.

Suggested Citation

  • Cai, Xiaowei & Volpe, Richard & Barraza, Fernando, 2024. "Farmland Values in California: Pre- and Post-COVID-19 Perspectives," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.
    • Handle: RePEc:ags:jasfmr:342905
    DOI: 10.22004/ag.econ.342905
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    References listed on IDEAS

    as
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    4. Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    5. Chenarides, Lauren & Richards, Timothy & Rickard, Bradley, 2021. "COVID-19 Impact on Fruit and Vegetable Markets: One Year Later," Working Papers 309965, Cornell University, Department of Applied Economics and Management.
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    Keywords

    Crop Production/Industries;

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