Farmland Draws Investors With Its Increasing Values

Photo by Pavan Vangipuram, Missouri Business Alert

The high commodity prices have helped encourage investors with no connection to farmland, such as Steve Diggle, to compete for their very own acreage in the heartland.

“We paid about $3.3 million for our 650 acres in southeast Illinois in 2009,” Diggle said.

Diggle is the CEO of Vulpes Investment Management, which is based in Singapore. The firm manages a quarter of a billion dollars of investor money, about 15 percent of which is in farmland.

What makes a good piece of farmland? Why can it cost so much? The answer, as Audsley said, is mostly underfoot — the soil.

The Midwest has some of the world’s most productive soil. And that has investors flocking to buy.

Read more on Kansas City Star.


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