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

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.