Could farmland's unique source of returns and strong historical performance make it a real asset of choice?
Flashy returns: Institutions that have invested in farmland have earned a market-beating return of 11.2% since 1992, with no down years.
Real gains: After bottoming out in 1987, farmland prices have been rising steadily. Over the past 10 years, cropland has increased 81.5%, while pasture has increased 101.5%. With those gains amid broader real estate declines, farmland might be poised to suffer a 1982-'87-type drop.
Location, location, location: Farm acreage prices vary widely by region.
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