Northern Colorado is poised to see tremendous economic growth in the next decade as the Front Range becomes an agricultural powerhouse. Home prices in northern Colorado could see direct and indirect effects.
Comparisons have been made between Northern Colorado and the Netherlands in terms of the potential for agricultural success. The Netherlands have a small region of land that directly benefits from innovation at the local universities regarding agricultural technology. This partnership has led to economic prosperity for the Netherlands.
Similarly, Colorado State University is a hub for agricultural technology that innovates and discovers new techniques and files patents that serve the local businesses that focus on agriculture. Experts believe that the next 10 years could lead to major economic pay-offs for the region because of the agricultural focus. As agricultural regions see growth, cities like Fort Collins, Loveland, Greeley, Longmont, Erie and northern Boulder County will likely see a major rise in home prices.
For people who can see this economic boom coming and take advantage of the low home prices available now, major profits could be possible when they are ready to sell their home in about ten years. In the meantime, residents of northern Colorado will enjoy the incredible quality of life and stable economic growth of an area that is great for families.
According to the Colorado Public Radio article, “Colorado’s Ag Industry is Growing Like a Weed” by Megan Arellano,
“Colorado’s food and agriculture industries have been growing two to four times faster than the overall state economy, according to a report by CSU economist Greg Graff. And as KUNC reports, Graff says that state could become the “Silicon Valley for agriculture in the 21st century.”
Communities that cater to agriculture within Colorado will grow more and more prosperous making them great places to put down some roots today.