Agricultural values through the 3rd Quarter of 2011.

1. Alliance Appraisal, LLC
Alliance Ag Services, LLC
Historical Values & Trends
Kern County Agriculture
Through 3rd Quarter 2011

2. Historical Values & Trends
Agriculture in Kern County
Land Uses
• Farmland
– State Water Project Districts
– Federal Water Project Districts
– Kern River Water Districts
• Almonds
• Pistachios
• Citrus
• Table Grape Vineyard

3. Farmland Land
Overview
– State Water Project Districts
• Water remains the key component of value
• Inadequate water supply faces downward value pressure
• Values and Rents remain strong and increasing
– Federal Water Project Districts
• As with SWP Districts water is key but most areas within
FWP Districts have groundwater but water levels are being
affected adversely by heavy pumping
• Values and Rents remain strong and increasing
– Kern River Water Districts
• Water is available through Kern River flows and canals
• Groundwater is widely available
• Values and Rents remain strong and increasing

7. Almond Orchards
Locations
– Water Districts
• Semi Tropic, North Kern, Southern San Joaquin, Cawelo,
Wheeler Ridge-Maricopa, Shafter-Wasco, and Belridge, with
smaller plantings in Kern Delta and Arvin-Edison
Components to Value
• As with all districts Water is the key
• Soils need to be compatible to ensure viability
• Establishment and Cultural Care
• Yields
Values and Prices Received
• Values remain strong and continue to strengthen
• Prices Received remain strong

9. Pistachio Orchards
Locations
– Water Districts
– Semi Tropic, North Kern, Southern San Joaquin, Cawelo, Shafter-
Wasco, Buena Vista and Belridge, with smaller plantings in Kern
Delta, Wheeler Ridge-Maricopa and Arvin-Edison
Components to Value
• As with all districts Water is the key
• Soil Class can vary and still remain viable
• Establishment and Cultural Care
• Yields
Values and Prices Received
• Values remain strong and continue to strengthen
• Prices Received remain strong

11. Citrus Orchards
Locations
– Water Districts
• Arvin-Edison, Belridge and Wheeler Ridge-Maricopa,
with smaller plantings in Cawelo, Delano-Earlimart,
Southern San Joaquin, and Kern-Tulare
Components to Value
• As with all districts Water is the key
• Soil Class can vary and still remain viable
• Establishment and Cultural Care
• Yields
Values and Prices Received
• Values remain strong and continue to strengthen
• Prices Received were strong but softened late

13. Table Grape
Vineyards
Table Grape Vineyards
– Water Districts
• The table grape vineyards in Kern County are
predominantly in Arvin-Edison, Delano-Earlimart, North
Kern, Southern San Joaquin, and Wheeler Ridge-
Maricopa, with smaller plantings in Cawelo, Kern Delta,
and Shafter-Wasco
• As with the all Districts water is the key component
• Prices Received have fallen below 10-year average but
newer varieties have shown strong returns and should
continue while older varieties will be weak
• Vineyard values will remain stable as long as Prices
Received for fruit remains stable to stronger