Farmland is a logical component of a well-diversified investment portfolio and is becoming an increasingly significant part of institutional investors' real-asset allocation. Today's global food needs continues to be fueled by the combination of population growth, increasing incomes and scarcity of resources. Farmland is a key factor to the global economy and is thus set to be one of its long-term beneficiaries as new technology and techniques develop. Other appealing characteristics include strong long-term returns, moderate levels of risk, low/negative correlations with financial assets, U.S. dollar hedge and inflation hedge.