According to the 2012 “Trends On Agricultural Land and Lease Values” published by the California chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) land values in California vary widely. The state produces 250 different crops on 81,500 farms with a combined total annual revenue of $33.9 billion. The majority of the state’s agricultural production is out of the Central Valley. Most agriculture sectors in the state with the exception of dairies have been profitable for the last few years resulting in a significant increase in farmland values with a dramatic shift of open farmland to permanent plantings such as walnuts, almonds, pistachios, olives, wine grapes, pomegranates and mandarin oranges. To read more about actual values and where shifts in value occurred and the driving forces behind the shifts: