Farmland prices on the rise

September 24, 2012 12:33:31 AM PDT
If you're trying to get into the farming business, be prepared to shell out more cash.

Prices to buy or rent California farm and ranch land broke records this year. The U.S. Agriculture Department reports the average price of California farmland stands at $7,200 an acre. Property that has access to irrigation has the highest prices.

Ag officials say improved prices for most of the state's crop are driving up the costs of farmland.


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