The Dossier · Free with the daily letter
Investing in Farmland
A $3.8T US asset: 9.8% a year since 1992, and a first losing year in 2024.
13 sections · Sent by email
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Inside
- 01The honest track record
- 02Row crops vs permanent crops
- 03How to own it
- 04Tax: the 1031 edge
- 05The IA view
13 sections, every figure sourced and dated
Free to read on Farmland
Buying Farmland Directly
Owning an acre outright is a small business: soil, a tenant, a loan and a tax return.
48 min read
Investing in Farmland Through REITs and Funds
Two listed REITs, a few institutional funds and the platforms are the only farmland most outsiders can buy.
44 min read
Investing in Timberland
Timberland’s real returns have fallen in each of the last three decades while institutional money kept arriving.
47 min read
Investing in Water Rights
Water is priced, but almost never purchasable: the tradeable asset is the right to change its use.
56 min read