Luke Stronach
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's not taking an elbow in the ribs.
That's getting punched in the face and pushed off a cliff.
And during that time period, farmland did extremely well.
And there are a lot of people who, who have noticed this and there are a lot of investment firms and money managers.
And what they want is they don't want to be a part of that volatility because
And they're very afraid of inflation.
And historically, farmland has done very well with inflation in the 1970s.
So this is where you're going to get a million different opinions.
My opinion is that if I just had to pick one thing as a fund manager, and right now I'm only doing one thing, it's farmland.
Because
even though you're getting that protection, the returns can be very, very attractive.
So if you go back to the 1970s, if you go back to that decade, if you were invested in the stock market, okay, over the decade, you would have gotten, you know, give or take about, you know, 16, 17%, but you would have lost so much of your money to inflation.
You know, 50% farmland over that period, depending on how you slice the data,
it returned 500, 600%.
Got it.
This is why the farmland space is not as big as commercial property and other sectors is it's hard.
This is a hard space.
You can't operate in it sitting in an office, pushing buttons and,
You know, spending your afternoons playing golf.
You have to be able to go out in the middle of nowhere like I have.