Stan, I was at a party last summer with a bunch of old farmboys (mostly in their 60's now) from the Imperial Valley in So Cal. A couple of people in the room were real estate brokers and the conversation turned to land values. Turns out land with water rights in the valley is worth $15-$25,000 per acre now. And a lot of them don't farm any more because they can make more selling their water, with zero risk.