In case you missed it, the L.A. Times reported last week that investors are buying farmland and driving up prices — creating a kind of farmland bubble, particularly in the San Joaquin Valley.
Blogger Stockton City Limits has some ideas on how this might affect us:
• Developers might be less likely to buy farmland and convert it to houses. That could give the city more time to investigate infill development opportunities.
• But if the bubble bursts — and we’ve seen that in the housing market, I seem to recall — the region could be “devastated,” accelerating a shift toward urban development.
Stockton City Limits has been providing great commentary on growth issues in our community. Check out the blog in its entirety here.