National

Farmland still in real estate demand

They aren't making land anymore.

That fact has helped keep land prices in Merced County stable, even while suburban and urban housing prices are going down the tubes.

Land used for agricultural purposes is not only holding its own in a bust economy -- its prices are actually going up. "There is definitely a demand for ag property," said Terry Priest, a real estate agent for Flanagan Realty in Merced.

The reason for that demand is linked to the prices growers are getting for commodities, Priest said. Almond prices are at an all-time high despite a record-busting crop in the county this year.

Read the complete story at mercedsunstar.com

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