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By:  Timothy Pollard Published: October 22, 2013 The National Council of Real Estate Investment Fiduciaries Farmland index rose 2.94% during the third quarter of 2013 – 2.09% from income and 0.85% from appreciation. The total return marks the highest third-quarter return since 2005; the asset class has returned 21.3% over the past four quarters. Christopher Jay, chairman of the NCREIF farmland committee and director of financial analysis with Prudential Agricultural Investments, in a news release said returns during the quarter were driven by the Pacific West, “where many of the diverse crops grown in that region remain strong.” The index consists of 548 investment-grade farm properties – 403 annual cropland properties and 145 permanent farmland properties. Continue reading →