Friday, September 15, 2017

Marijuana Grown on Agricultural Land and its Effects on Land Prices

Fortuna, CA.

By Benny Pavloff

The legalization of marijuana in California has affected land prices in Humboldt
County immensely. Large corporations and pharmaceutical companies have bought up ag land in Northern California in the heart of the Emerald Triangle and people don't know how to feel about this. A positive factor of growers coming in is more money will flow through the counties, but land prices for crop and dairy farmers have gone up, a lot.

Humboldt County is known for its beautiful forests, its rough oceans, and most of all, marijuana. We live in the heart of the Emerald Triangle, the name given to Humboldt,
Trinity, and Mendocino counties, for obvious reasons.

Sally Conley, a real estate agent, says the prices for land in Humboldt have actually declined since last year, the last places to see the most spike is price is east of Fortuna in the Dinsmore area and in southern Humboldt. Homeowners in the area were surprisingly not affected, instead cattle and dairy have seen the most impact with land prices almost doubling.

With marijuana being a cash crop nowadays, permits are required for legal grows, and in the Humboldt and Trinity counties upwards of 2800 growers have applied, out of that 2800 only around 10 have been permitted. Large grows supervised by companies have pushed out smaller, and usually illegal,  growers from the area by raising the land prices. Will the same happen to our dairy and other local crops?

1 comment:

  1. This is a huge garden center having a good choice of vegetation and garden hardware and add-ons. Most of the plants we looked at were within good condition, and also the prices seemed reasonable. http://www.howtogrow.com

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