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Land Commodities was established on the premise that the world is in the early stages of a secular bull market in agricultural commodities. The agricultural investment environment will be characterised by fundamentally constrained supply set against a backdrop of step changes in demand from a... More
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  • Weekly Roundup Of The Most Insightful Farmland Investment & Agribusiness Themed Reports And Whitepapers

    Each week Land Commodities' research department scours the internet looking for newly released reports, academic papers and research with relevance to agri-investors. The most notable examples are summarised in a weekly roundup for the benefit of our clients and subscribers. Click on the links below for a summary and free download of any of these reports.
    Sep 17 11:15 AM | Link | Comment!
  • Farmers Own Less Farmland In Iowa Than Investors And Other Non-Farmers

    The preliminary results of the 2012 Iowa Farmland Ownership Survey compiled every five years by Iowa State University on behalf of the Iowa Legislature show that 62 percent of Iowa farmland is now owned by farmland investors and other non-farmers, up from 60 percent in the 2007 survey and 55 percent in 2002, constituting over a 10% fall in farmer ownership over the last decade.

    The survey also shows how cash rent leases have become more popular over time whilst crop share leases have become less common. This may reflect a preference for fixed income returns amongst non-farmer owners.

    Figure: Distribution of Iowa Farmland by Type of Operator Tenure

    (click to enlarge)

    Source: Iowa State University, 2012

    Although the preliminary results are do not state exactly what proportion of farmland is owned by investors, a previous report on farmland ownership published in 2011 by the same author, Professor Michael Duffy of Iowa State University, found that approximately of all farmland purchased in Iowa is purchased by investors.

    Figure: Investor versus farmland purchasers of Iowa farmland from 2011 paper

    (click to enlarge)

    Source: Iowa State University, 2011

    Investor interest has remained strong in recent years because, in the words of Duffy:

    The collapse in the urban real estate market and the drop in interest rates caused many investor and fund groups to look to farmland as an alternative investment opportunity, increasing the demand for farmland.

    Tags: Farmland
    Jun 14 4:58 AM | Link | Comment!
  • Global Greenhouse Gas Levels Reach Historic Milestone

    Carbon emissions continue to increase to new record levels as atmospheric carbon dioxide levels breach the 400 parts per million mark for the first time, having increased by 27% since the late 50s. This is the highest concentration of CO2 the planet has experienced for at least 800 millennia!

    When the history of humanity's struggle to combat climate change is written, few characters will play as prominent a role as Charles David Keeling. A geochemist, Keeling developed an accurate method of measuring CO2 in the atmosphere, and in 1958 began recording background levels of the gas at the Mauna Loa Observatory in Hawaii.

    That was the start of the famous Keeling Curve, which has tracked the steady rise of atmospheric carbon dioxide. Those levels have soared from 315 parts per million when Keeling began, to a grim milestone reached last week, as atmospheric concentrations exceeded 400 parts per million.

    Keeling's son, Ralph, is now the director of the California-based Scripps CO2 Program, which was founded by his father and which recently launched a Web site designed to let the public follow the unsettling rise in carbon dioxide emissions. In an interview with Yale Environment 360 senior editor Fen Montaigne, Ralph Keeling discusses his father's work, reflects on the meaning of CO2 levels climbing higher than they've been in at least 800,000 years, and expresses hope that crossing the 400 ppm mark may play a role in awakening the public to the dangers of runaway climate change. "Bringing about change requires people to be aware of what's going on," said Keeling

    Jun 06 11:31 AM | Link | Comment!
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