I got a call from a savvy nut grower in the north Sacramento Valley a couple of weeks ago.  He knows his way around the world money markets as well as an almond orchard.  We talked about a number of topics, and the high price of ag land came up.  “Where is this going to end?” he asked.  We agreed that nut prices are up, way up, in some cases, but what nut price he asked, would cover the huge price tag on some pieces of land, some pushing $20,000/acre?  I didn’t know, but thought I’d try to find out.  Here’s what I learned.