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Wednesday, December 26, 2012

China's Impact on US Farmland Prices

The rise of a wealthier China is changing the world in many ways, but I did not expect it to result in an increase in US farmland prices for almonds and pistachios.

A burgeoning middle class in China has increased the appetite for almonds and pistachios, driving up prices for those crops — and the farmland that produces them.

Farmland in demand - LA Times
Investors snap up California acreage, pushing prices to record highs, as global appetites for almonds and pistachios increase.

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