The

effect

of

long-term

real

rates

on

farmland

appreciation

behavior

Real rates appear to have had a material effect on the behavior of Canadian farmland over the 40-year period studied. This effect was expressed in both average appreciation rates and the likelihood of drawdown – both of which improved as real rates dropped below 4%. The current lower real rate environment, if it continues, appears to be highly favorable to ongoing farmland appreciation prospects.View Full Report