In general, we believe farmland is an attractive long term investment that offers current income, capital appreciation and diversification benefits. In addition, it can be a superior inflation hedge. Since the end of WWII farmland has experienced a steady rise in value with very few down years. At the same time, many investors have experienced wrenching and far more frequent declines in the value of their public equity investment portfolios. However, those with an allocation to agriculture would have benefited from lower overall portfolio volatility and returns to offset losses from the other asset classes.