Nuveen’s Westchester farmland report explores how global agricultural land functions as an institutional asset, focusing on returns, diversification, and sustainability. It highlights farmland’s historically resilient performance and inflation-hedging traits, while arguing that constrained supply and rising food demand could support long-term value, even as climate and operational risks remain relevant.
2021 Farmland Report
Nuveen
Research
36 Pages
Key Takeaways
Resilient Return Profile: U.S. farmland delivered positive annual returns in every rising rate period over 30+ years, with index returns exceeding inflation by more than 2x since 1991.
Global Diversification Benefits: Portfolio spans 2.3M acres across 7 countries and 43 crops, helping offset regional shocks like droughts or commodity volatility.
Supply Demand Imbalance: Global population growth toward 10B by 2050 versus limited arable land supports long-term pricing power, with farmland values rising ~4–5% annually in recent periods.