Farmland returns 1.97% in the second quarter

The National Council of Real Estate Investment Fiduciaries said farmland returned 1.97% during the second quarter of 2013, consisting of 0.83% appreciation and 1.14% income return. Returns were down substantially on a quarter-over-quarter basis; the index was up 5.44% in the first quarter of the year. Year-over-year returns were down slightly as the index returned 2.34% in the second quarter of 2012. The trailing four-quarter return through June 30 was 20.03% - 11.64% from appreciation and 7.8% from income.