Fortune magazine, Clear back in the June 22, 2009 issue there was a good article on “Why Farm Land is Hot”. Why ETF’s are investing today for the long haul on the food and water shortages in our future. From 1960 to 2000 the world went from over one acre of arable land per person to just over a half acre of arable land per person.
Growing populations and the shrinking supply of arable land will be a key focus of humanity as millions starve in the not too distant future. Water in many locations is the key to food production.
Water rights in Nevada are our most valuable resource. Irrigated agricultural land is available and the prices are increasing. Many basins in Nevada are closed to any future additional water rights; the supply side is very limited and will not increase. While demand continues to grow, with or without future housing developments.
We have cattle ranches with live springs filling stock tanks to water the cattle, and the ranch owns those water rights. We have sections of land with irrigation pivots watering grains like wheat and barley, as well as potatoes, and alfalfa. These irrigation pivots are fed from wells on the land and the farmers own those water rights.
Many farmers are looking to lease this farm and ranch ground, offering reasonable rates of return to investors. You can own a half full strip mall with falling rents and potential future higher vacancy rates, or farm land with water rights.
to discuss purchasing Nevada land or Listing your Nevada Farm or Ranch. 435-862-5951
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on Thursday, January 27th, 2011 at 8:12 pm and is filed under , water rights.
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