Returns, Risks, and Legacies: Understanding Farmland as an Investment Asset

Rabail Chandio, Katherine Dentzman, Caroline Strawhacker and Sarah Al-Mazroa Smith

Journal of the ASFMRA, 2026, vol. 2026

Abstract: Farmland has long been both an agricultural resource and a financial asset, yet recent decades have seen new actors and investment logics reshape U.S. farmland markets. Drawing on interviews with landowners, appraisers, farm managers, lenders, and brokers in Iowa, this study examines how stakeholders interpret farmland as an investment. Findings highlight five themes: land’s stability and tangibility, evolving return expectations, investor diversity, rental market dynamics, and the role of technology. Results reveal heterogeneity in motivations and practices and suggest implications not only for market behavior but also for extension programming that supports diverse landowners and investors.

Keywords: Agribusiness; Agricultural Finance; Land Economics/Use (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:410265

DOI: 10.22004/ag.econ.410265

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