According to the National Agricultural Statistics Service the 2013 average value of California farmland reached a record value of $7,300 per acre. This value is $100 per acre greater than the previous record which was set in 2012. The average value of all cropland for 2013 is $10,190 – up $380 per acre from 2012. Irrigated cropland is at $12,500 per acre – up $500 per acre from last year and non-irrigated cropland is valued at $3,600 per acre. Pastureland values remain steady from 2012 at $2,800 per acre. Cash rents for California irrigated cropland in 2013 are $365 per acre – up $25 from 2012 and up $5 from the previous record set in 2008. Southern California rental rates increased 19% to $457 per acre, Central Coast rental rates remained equal to last year at $1,010 per acre and the average North Coast rental rate of $267 per acre decreased 17% from 2012. To read more about California agricultural land and rental rates for 2013:
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