Buying land is more speculative in nature than buying rental property. 

I'm just speculating, but we've already seen strategic defaults in commercial real estate in the last 6 months or so (example: Marriott hotel in RTP to be released to lender after loan default).

I'm speculating either witness protection program or messy divorce?

That is just me speculating, based on my knowledge of real estate common law over the past 900 years going back to King Henry II of England (1133 - 1189) up to the present and "how things work."

I have seen some very interesting speculative numbers on what the market could do with brand new properties, I would strongly consider it for sure if it is a good price.

If the income from your agricultural operation also shows up on your personal return there is a ZERO net tax effect as the income from the LLC will offset the expense for your agricultural operation.That being said, we are all speculating as to what affect this will have on your taxes.

Those numbers are pretty speculative but you can get there with the right management, location, and optimization on your listing.

You don't want to supply pure speculation to the bank. 

Just like most property purchases in California, you speculate that you'll make your ROI based upon appreciation, not cashflow.If you want immediate cashflow, you should have either bought a Class B or C property, or made a 100+ offers at prices that generated your cashflow target, to find the one owner motivated enough to accept.

But trying to use this data and apply to the future is pure speculation.