Kern County’s farmland boom may have run its course.
With few exceptions, prices for local agricultural real estate have flattened out during the past year following a decade of sometimes steep increases, according to a new report by Bakersfield brokerage Alliance Ag Services.
Michael Ming, a broker with the company, said access to water is now the market’s “driving concern.”
“Water is the No. 1 concern of all buyers in the market now,” he said. “They’re looking for multiple sources of water — groundwater from well