The National Council of Real Estate Investment Fiduciaries, or NCREIF, Farmland Index (NFI) ended 2020 with a total market value of $12.3 billion — an increase of 7.9% over year-end 2019. The farm properties comprise 904 row crop properties with a market value of $7.4 billion and 280 permanent planting properties with a market value of $4.9 billion.
Total NFI returns for 2020 were 3.08% — down 173 basis points from last year, comprising 3.29% income and minus 0.20% appreciation returns. That total NFI performance for 2020 yielded the lowest annual return since 2001 based on impacts caused by the COVID-19 global pandemic and low commodity prices.
You can now read the full update at the link below