As noted market philosopher Jim Cramer is apt to say, “there is always a bull market somewhere.”  Apparently this past decade that bull market was in Iowa farmland.  This is in stark contrast to the domestic stock market has been a disaster in the past decade.  The guys at Bespoke call it “the ugly decade” for the S&P 500.

According to an Iowa State University survey, via the Des Moines Register, the average price of Iowa farmland has risen from $1781 per acre in 1999 to $4371 in 2009.  This despite a small 2% dip in the past year.  That equates to a 9.4% increase per year, compounded.

Source:  Des Moines Register

Nor does that figure does not take into account any return generated from the underlying farmland itself.  The article also notes the likelihood that Iowa farmland will continue to turnover as the average age of farmers continues to increase.

Some prominent analysts like Jim Rogers, via market folly, have been recommending farmland and agriculture in general as good investments for the next decade.  We have no idea whether these gains will continue into the next decade, but we thought it was worth a decade-long bull market happening right under our noses.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.