The recent financial crisis has renewed interest in alternative asset classes such as farmland. Previous work has shown that farmland may provide expected return premiums while adding little additional risk to a diversified portfolio. However, these studies have been based on relatively short...

The 2008 Farm Bill provided an option for receiving commodity program payments through existing programs or a new revenue-based alternative – the Average Crop Revenue Election (ACRE) program. ACRE is a state-level revenue program which, if elected, replaces the price-based countercyclical...

Both farmland values and rental rates have seen significant increases over the past few crop years. The increase in land values, in particular, has members of the agricultural and outside investment communities concerned over the potential for a significant decline in land values and the...