keu4bike's  Instablog

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.