Value of agricultural acreage more than doubles in bet that prices will soar in world suffering scarcity of resources
Investors are pouring record amounts of money into US farmland as they snap up an asset expected to outperform as the world’s population grows sharply while natural resources become scarcer. The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries . Its value hit $16.6bn at the end of 2023, up from $7.4bn at the end of 2020 and $1.
“If you have a long-term view of the world, owning quality land, with access to water is a good place to be,” added Bisson-McLernon, who before joining Fiera Comox launched the agricultural investment strategy of Public Sector Pension Investment Board , one of Canada’s largest pension investment managers.
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