Value of Farmland Continues to Rise in Washington - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Value of Farmland Continues to Rise in Washington

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The value of farmland continues to rise in Washington, largely because farm products are producing big sales numbers. The value of farmland continues to rise in Washington, largely because farm products are producing big sales numbers.
YAKIMA, WA - The value of farmland continues to rise in Washington, largely because farm products are producing big sales numbers.
    
In Yakima County, the average sale price per acre for irrigated, high-quality, vacant farmland rose 37 percent to an estimated $5,302 between 2011 and 2014.
    
The Yakima Herald-Republic reports that existing farms push the price even higher. Statewide, the average price of farmland already cropped went up about 6 percent from $8,500 to $9,000 an acre between 2012 and 2013.
    
Flo Sayre, a land consultant in Pasco, credits everything from rising incomes in China to an aging baby boomer population reluctant to sell rural acreage. She also says this is a business-savvy generation of farmers and investors with college degrees and long-term plans.
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