Farmland Returns Soar Once Again, Up 3 Percent In Q3

Farmland indexed by the National Council of Real Estate Investment Fiduciaries (NCREIF) hit 2.94 percent this quarter, up from 1.97 percent last quarter, and 1.91 percent in the third quarter of 2012. Last quarter was the first time that the index had dropped since 2010, but it has returned to its general upward trend. Of course, seasonal effects are very important when looking at farmland returns, so the annual improvement is more important than the quarterly improvement. NCREIF specifically looks at farmland NCREIF specifically looks at farmland that is at least partially held by tax-exempt organizations, so it doesn’t measure…