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There’s a new group of non-traditional ag land investors
An economics expert says there is a new type of ag land investor out there.
Dr. David Kohl from Virginia Tech says the new money is coming from nontraditional sources. “It is your big hedge funds, of course with six hundred to eight hundred million dollars each, but we’ve also got some very prominent people in the athletics (group) buying farm ground and what I would call the new money, they still realize land is a good investment.”
And for buyers, Kohl says he would not be surprised to see the Federal Reserve raise interest rates twice and then lower them later this year.
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