Valley farmland is disappearing — is that bad?
An ASU real estate expert says while agriculture was a main driver of the Valley’s economy for years, it might not be a bad thing if farmers and others are using Maricopa and Pima county land for what is needed most.
In this story published May 23, 2022, on Daily Independent:
Capital goes where there’s a need. We are not the breadbasket of Arizona, here in this Valley. Farmers here still produce many things, but not a lot of produce or direct-to-consumer food. That’s Yuma and other parts of the state. So farmland becoming buildings doesn’t affect the food supply directly. Farmers are motivated to get the most value out of their land, which isn’t always with something that uses 80% more water than housing uses.
– Mark Stapp, Fred E. Taylor Professor of Real Estate and executive director of the Master of Real Estate Development program
Latest news
- Gifts that give back
This holiday season, give gifts that stand out — and support the Sun Devil community — from…
- Who is the new Brazilian owner of Hickman's Family Farms?
The sale of Arizona's largest egg producer could lead to 15% higher prices due to fewer choices…
- Understanding the Fed’s rate cuts: ASU professor provides insights
Will lower rates impact economic growth? A W. P. Carey finance expert weighs in.