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➢ Increase in Property Values <br />Between 2000 and 2006, the county and many parts of the U.S. and Florida experienced a <br />substantial increase in property values. That inflated price of land was seen as an opportunity by <br />agricultural property owners to sell their land to developers for new housing developments. <br />Since 2006, however, there has been a significant decline in the demand for new housing. That <br />has eased the pressure for conversion of agricultural land to residential uses. As the inventory of <br />excess housing is gradually removed from the market by new residents, however, it is expected <br />that the pressure to convert agriculturally used property to alternative uses will again increase. <br />Since that could frustrate the county's policies for preserving agriculturally designated land, the <br />county should maintain its urban service area boundary and prohibit non-clustered urban <br />development outside the urban service area. <br />➢ Citrus Disease <br />Like the rest of Florida, Indian River County has seen a substantial decline in the number of <br />acres dedicated to growing citrus. In fact, there has been a reduction of 21,942 acres in the past <br />eight years alone (nearly a 36% decline). Due to the spreading of two diseases (citrus canker and <br />citrus greening), the decline in citrus acreage is expected to continue for some years and then <br />level off. <br />While citrus canker is a bacterial disease that causes premature leaf and fruit drop, citrus <br />greening, also a bacterial disease, is a disease that causes citrus trees to produce bitter misshaped <br />fruit and kills trees over the course of several years. Throughout the southern portion of the state, <br />citrus canker was widely spread from the winds of the 2004 hurricanes. According to the USDA, <br />100% of Indian River County citrus acreage has been or will soon be infected with citrus canker. <br />The USDA has also estimated that Indian River County is infected with citrus greening and will <br />be completely infected with citrus greening by 2010-2011. <br />Although citrus canker and citrus greening will be present for some time to come, the citrus <br />industry is expected to remain profitable, although infected trees will have to be removed and <br />replaced on a recurring basis until cures can be found for the two diseases. As the two diseases <br />spread and as infected trees are removed, production will decline. This will result in fewer citrus <br />jobs and less money coming into the county from selling citrus outside of the county. Those <br />factors will also have an impact on other businesses within the county, in that less money will be <br />spent on goods and services in the county by the citrus industry and employees. In the future, the <br />county should work with citrus growers and other agricultural producers to explore the <br />opportunity for other crops, such as biofuel feedstock, to supplement citrus and other agricultural <br />products.. <br />Future Land Use Element 108 <br />