Stephen Johnston, co-founder of Equicapita, presented – Farmland as a Portfolio Allocation at the 2011 Agora Wealth Symposium – “The citation brought polite chuckles, but Johnston was dead-pan serious. And over the next 40 minutes, he proceeded to do something I would NEVER have thought possible… Make me want to race out and buy real estate. Not the kinds of real estate you might expect people to play in a dicey market, like foreclosed homes or distressed city properties in “transitional” neighborhoods — but large, sweeping tracts of glorious country acreage. I’m not kidding. It would be nearly impossible for a rational, profit-minded person to see Johnston’s Farmland as a Portfolio Allocation presentation and NOT want to liquidate stocks, bonds, IRAs and everything else — and dump all of it into crop fields…”

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