Seasonally adjusted NCREIF data shows Q4 2023 to Q1 2024 farmland total return at 8.1% annualized. Investors note consistent income and appreciation drivers in the thesis for investing in farm land. Trending: Microsoft's Climate Innovation Fund Just Backed This Farmland Manager — Accredited Investors Can Join the Same Fund Gain access to exclusive tours, meetings and webinars. USDA’s 2024 outlook expects wheat acreage to increase 2%, with export demand from North Africa lifting price forecasts. This upward pricing trend enhances ROI prospects for those investing in farm land leased to grain producers.