The total return for farmland investments for the second quarter was 1.13 percent, down from 1.32 percent last quarter, and 1.63 percent in the second quarter of 2017, according to National Council of Real Estate Investment Fiduciaries (NCREIF) Farmland Index.
The quarterly total return was comprised of a 0.65 percent income return and appreciation of 0.48 percent.
Second quarter income return for the Total Farmland Index was eight basis points higher than last year when the second quarter income return was 0.57 percent. Farmland values continued a modest upward trend in the second quarter, posting appreciation of 0.48 percent after registering appreciation of 0.81 percent in the first quarter.
The trailing four-quarter total farmland return was 8.28 percent through second quarter 2018, compared with 6.5 percent for the year ending in the second quarter 2017. The annual total return was comprised of a 5.28 percent income return and 2.87 percent appreciation.
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