Ag Economist Matt Erickson: Volatility Varies on the Farm

Terrain Ag economist Matt Erickson analyzed more than 30 years of USDA data across 10 Midwest and Plains states and found that farmland returns vary significantly by region. His research showed that states such as Illinois, Indiana, Ohio, and Iowa generated more of their returns through land appreciation, while states like Kansas, Nebraska, and South Dakota relied more heavily on income returns, often with greater volatility.