Farmland, Timberland Continue Their Strong Gains In Q2

Wealthy investors are increasingly turning to farms and timber land as inflation hedges, a new report from the Wall Street Journal notes. The practices of investing in farm and timber land is so popular, banks are bulking up their asset management practices to accommodate the demand.  The Journal reports Bank of America Corp (NYSE:BAC)’s US Trust’s Specialty Asset Management group is hiring in its farm and timberland investment groups to keep up with client demand. The group has $170 million of investor money sitting on the sidelines waiting for farmland and ranchland investments and another $215 million waiting for timberland.  This…