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keu4bike
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Individual investor starting over on retirement saving way too late in life.
  • Seeking Farmland REIT For My 401(K) 7 comments
    Sep 19, 2012 1:41 PM | about stocks: MOO

    I am looking for a publicly traded REIT or ETF that earns most of it's money through owning and leasing agricultural land. I want something I can put in my 401(k). Are there any such REITs and if so, where do I find them? Either Google hasn't been particularly friendly or I've been using the wrong terms.

    Generally, I get two suggesions when I ask this question. The first is an agricultural commodity fund. The second is MOO. While there is nothing wrong with either of these suggestions, neither one is what I'm looking for. I want to own a diversified portfolio of agricultural land.

    I'm looking for something where a large fraction of the income comes from relatively high-value farmland. I perfer geographic and crop diversification. I have no objection to minority positions in grazing lands and timber lands. I prefer a fund that is largely North American in nature, but I have no objection to a minority international position.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: REIT, commodities, agriculture, farmland Stocks: MOO
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This post has 7 comments:

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  •  
    Please let me know if you find something suitable. Jeffwartchow@gmail.com Thank you.
    8 Oct 2012, 09:21 AM Reply Like
  •  
    The only thing I have found so far is a proposed filing for Gladstone Land Corporation. I'm not impressed with the offering. I will continue to monitor it as it's the only thing out there at this time, but I don't view it as a buy right now.
    8 Oct 2012, 10:36 AM Reply Like
  •  
    I'm looking for the same; please update this if you find / have found any answers. Thanks...Kirk
    14 Oct 2012, 06:32 PM Reply Like
  •  
    Check out SCZPF - Sprott Resources. They are building the largest farm in Canada. Its a private equity firm with other interests - oil and gold.
    21 Oct 2012, 04:58 PM Reply Like
  •  
    It still appears as though a much needed farmland REIT is some time away. I would be leery of what first comes to market as well since this will viewed on the inside as a chance for the private investors and the issuer to cash out. The best alternative for now are private limited partnerships. I know they do not offer all the advantages of a large, liquid trading REIT, but they do target the farmland asset class directly. With prices appreciating so quickly, it might be best to find a good one and jump in before it is too late.
    28 Feb, 02:09 AM Reply Like
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    I'm bullish on farmland as long as the world population and meat consumption increase. That said, there may be a bubble developing in the U.S. at the moment -- or at least prices are increasing faster than the value proposition at the moment.

    I'm starting to think about owning my own land directly -- again, not the convenience of a REIT. I can take my time, buy what I want when I want, make sure the land can support the price, and not overpay because farmland is a very long haul investment.
    28 Feb, 09:29 AM Reply Like
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    It seems very likely that emerging market's increasing incomes and urbanization in the coming years will keep the pressure upward on food prices, therefore farmland. Unfortunately, the market in the US has probably priced this in for the moment. There is still great long term value in farmland, I believe reaching out to emerging agriculture regions is where to find good prices still. I focus on the Black Sea region of Eastern Europe. My March 1st blog post compares the the two region's prices versus yield: http://bit.ly/13tue1N
    1 Mar, 11:54 AM Reply Like
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