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Q4 2018 farmland performance edges higher at 2.85%
Research - JANUARY 30, 2019

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Q4 2018 farmland performance edges higher at 2.85%

by Jody Barhanovich

The National Council of Real Estate Investment Fiduciaries (NCREIF) has released the fourth quarter 2018 results of the NCREIF Farmland Index. The total return for the fourth quarter 2018 was 2.85 percent, up from 1.29 percent the previous quarter, but down from 2.93 percent in the fourth quarter of 2017. The quarterly total return was comprised of a 2.19 percent income return and appreciation of 0.66 percent.

Fourth quarter income return for the Total Farmland Index was 6 basis points higher than last year when the fourth quarter income return was 2.13 percent. Farmland values continued a marginally positive trend in the fourth quarter, posting appreciation of 0.66 percent after registering appreciation of 0.22 percent in third quarter.

The trailing four-quarter total farmland return was 6.74 percent through fourth quarter 2018, compared to 6.19 percent for the four quarters ending in the fourth quarter 2017. The annual total return was comprised of a 4.47 percent inc

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