International Land Market Bulletin 2009

• Farmland values around the world have continued to increase during the past few years. However, the gains in some countries have not been as significant as those recorded in the UK.
• The best investment opportunities are most likely to be in areas where entry values are low or agricultural production is currently underperforming. Both these aspects could apply to parts of Central Eastern European Countries (CEECs), South America or other developing markets, where investment can produce significant gains in comparison to regions where values are high or production is already maximised.
• Agricultural incomes have not suffered significantly during past recessions and with low interest rates currently prevailing the industry is well-placed to weather this economic storm. We believe that farmland values across the world will generally remain robust during this current economic cycle.