$250k per acre for prime Napa vineyard land
Agricultural land prices in California have somewhat stabilized, according to a report in today's Food And Farm News, the daily e-newsletter published by the California Farm Bureau Federation:
They call it "the Goldilocks effect." Appraisers say growth in the value of California farmland appears to be "just right." At a meeting of the American Society of Farm Managers and Rural Appraisers California chapter, experts said farmland values are rising at a low, sustainable pace. An annual report lists the state's most expensive farmland as in Napa County, where prime vineyard land reaches values as high as $250,000 an acre.
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