We posted the following research note this morning.

The first hints of how California’s deepening water shortage may play out in the agricultural land market are starting to emerge.

Last week, Teays River Investments, LLC, a big farmland and agribusiness investment company opted to sell two irrigated strawberry and vegetable cropland holdings totaling 332 acres—purchased just a few years ago—in Ventura County, Calif. at a $650,000 capital loss. more....