U.S. stock markets, even with Monday’s fall, have produced record after record high. Investors have largely pushed aside dire predictions of a post-pandemic recession, and watched many large companies enjoy significant profits.
Realizing REIT
But don’t forget about the potential of a REIT (Real Estate Investment Trust). That reminder comes courtesy of Seeking Alpha. An article specifically mentioned Gladstone Land Corp. REIT as one with “growth potential within the context of a broader market environment, which is arguably overvalued.”
It adds how “farmland values may beat inflation in a stagflationary economic environment, with the potential for continued appreciation due to supply/demand factors.”
Stagflation combines slow growth, high unemployment, and rising prices during an economic cycle. Fed Chair Jerome Powell said in May that there is no sign of stagflation.
Inflation, while still higher than the Fed’s preferred rate of 2%, remains lower than it was in the 1970s when economists detected stagflation.
July’s unemployment rate rose to 4.3% as hiring slowed.
Seeking Alpha’s article described Gladstone Land Corp. REIT as “part of the ‘invest in farmland’ trend, may be one of a few asset classes left that one can make an argument that it has growth potential.”
CEO Chosen
A former Iowa Deputy Secretary of Agriculture will take over as the new CEO of the AgriBusiness Association of Iowa. Julie Kenney begins the position on September 1st, according to a news release from the organization.
Kenney served as the state’s deputy secretary of agriculture for five years and is a native of Lohrville, Iowa. She and her family operate a corn and soybean farm in Story County.
The AgriBusiness Association of Iowa began in 1899 as the Iowa Grain Dealers Association. Eventually, it joined with the Iowa Fertilizer & Chemical Association and the Iowa Agricultural Ammonia Distributors. The organization assumed its current name in 1994.
RELATED: Here is background on the organization and here is the announcement by the AgriBusiness Association of Iowa on Kenney’s new role.
Board Seat
Dr. Bruce Sherrick -- well-known agricultural economist, farmland expert, and University of Illinois Professor -- has joined the Board of Directors at Farmland Partners Inc.
Since 2013 Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois Urbana-Champaign. The following year he also began leading the TIAA-CREF Center for Farmland Research at the university’s Department of Agricultural and Consumer Economics.
RELATED: American Farmland Owner talked with Sherrick about Americans’ connection to our farmland. Watch that interview here.
This year Sherrick also joined as director for Peoples Company, a farm brokerage company.
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