Washington Option to Purchase Farm Land to be Developed for Industrial or Commercial Purposes
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How to fill out Option To Purchase Farm Land To Be Developed For Industrial Or Commercial Purposes?
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Best Yield Yet: 5 Steps to Take to Nourish Your FarmlandEstablish a shared understanding of what makes for healthy soilDecide what tillage practices are best for your farm.Establish or diversify your crop rotation.Use cover crops that maintain living roots year-round.Manage your soil's health and nutrition.
Rich soils, diverse climates and large-scale irrigation make Washington State one of the most productive agricultural regions in the world, allowing us to produce over 300 different crops. Agricultural production, food processing, and trade represent a significant segment of the state's economy.
Arable land (from the Latin: arabilis, "able to be ploughed") is any land capable of being ploughed and used to grow crops.
About 3.4 million acres of land in California's agricultural counties are now urbanized. (Another 2 million acres are in areas that are so urbanized that there is no more agriculture.) Development is now consuming an average of about 40,000 acres of agricultural land per year.
Not only is farmland a good investment in an inflationary environment farmland also provides robust average annual returns. Between 1992 and 2020, farmland provided average annual returns of nearly 11%, including income and price appreciation.
Agriculture and food manufacturing operations support 164,000 jobs in Washington. The industry generates more than $20.4 billion in revenue annually. Washington is the #1 producer of apples, blueberries, hops, pears, spearmint oil and sweet cherries.
10% of the world's arable acres lie within the United States. Agriculture contributes $992 billion to the American economy each year. 31 million acres of farmland lost to development, in total, between 1992 and 2012. That's 175 acres per hour of agricultural land lost to development 3 acres per minute.
In addition to the above-average total return potential of owning farmland, it provides investors with several other benefits: Low volatility: Farmland returns have historically had less volatility than most other asset classes, including the 10-year U.S. Treasury Bond, S&P 500, gold, and Dow Jones REIT Index.
If current development trends continue, 1.3 million acres of California agricultural land, including 670,000 acres of prime, unique and statewide important farmland, will be developed by 2050.
Rich soils, diverse climates and large-scale irrigation make Washington State one of the most productive agricultural regions in the world, allowing us to produce over 300 different crops. Agricultural production, food processing, and trade represent a significant segment of the state's economy.