If your entry point is a public brokerage account and a standard trading minimum, FPI and LAND remain the only two names on the list that fit — both discussed above.

Is There a Farmland REIT ETF?

We could not find a US-listed ETF that invests mainly in farmland or in FPI and LAND. Both stocks sit inside broad REIT and small-cap index funds, but as tiny positions. Those funds track real estate or small companies as a whole, not farmland.

FRI weights are as of September 25, 2026, from First Trust. The others are from TradingView holdings data for FPI and LAND, viewed September 27, 2026.

Agriculture ETFs are a different product. VanEck Agribusiness ETF (MOO) tracks the MVIS Global Agribusiness Index: companies in fertilizer and agri-chemicals, seeds, farm machinery, animal health, livestock, plantations and crop trading. It holds shares in agribusiness companies, not US farmland.

The listed route to farmland is buying FPI or LAND shares directly. On September 25, 2026, FPI closed at $10.86 with a $0.36 annual dividend, a yield of about 3.3% (StockAnalysis). LAND closed at $9.48 with a $0.5604 annual dividend, about 5.9% (StockAnalysis).

Best Farmland REITs: How to Judge Them

“Best farmland REITs” is a comparison question, and with only two public tickers, the honest answer is that the choice comes down to what each company is exposed to, not which one has a marketing edge. Use these four factors as your checklist.

1. Crop and Geographic Mix

FPI’s row-crop base (corn, soybeans, wheat) ties its rent revenue to commodity-crop economics across the Midwest, Delta, Southeast, and Western US. US corn production reached 14.87 billion bushels and soybean production reached 4.37 billion bushels in 2024, per USDA NASS’s January 2025 crop production report — the scale of the market FPI’s tenants sell into. LAND’s irrigated specialty-crop base, concentrated in California and Florida but spread across 14 states, ties its revenue to fruit and vegetable markets instead, a different risk profile driven more by water availability than by row-crop commodity cycles.

2. Tenant Quality and Lease Structure

Both REITs lease to third-party farm operators rather than farming directly. Longer-term, inflation-adjusted leases reduce turnover risk; the specific lease terms and tenant concentration for FPI and LAND are disclosed in each company’s 10-K, available through their investor relations pages linked above and in the references section.

3. Financial Health and Yield

FPI’s dividend yield was about 3.3% on September 25, 2026, based on its $0.36 annual dividend and a $10.86 share price. That figure moves with FPI’s share price daily — a rising share price mechanically lowers the trailing yield even if the per-share dividend payment is unchanged, so always check the live number rather than anchoring to a figure printed in an article. LAND’s yield was about 5.9% on the same date ($0.5604 annual distribution, $9.48 share price); check it the same way at its NASDAQ ticker page.

4. Sector Growth Context

The NCREIF Farmland Index returned 0.20% in 2025, made up of a 3.05% income return and a 2.80% capital loss (industry index data, not company-specific to FPI or LAND). This is a broad benchmark for direct farmland ownership returns, not a projection for either REIT’s share performance — REIT share prices also reflect capital markets sentiment, not just underlying land economics, so the two numbers can diverge.

Did you know? Satellite-based monitoring can support crop insurance and loan approvals, reducing fraud and supporting sustainability claims for farm finance at any scale.

What the Underlying Land Is Worth

Because FPI and LAND’s asset base is US farmland itself, the USDA’s annual land value survey is the closest thing to a fundamentals check on either REIT’s book value. USDA NASS’s 2025 land values and cash rents report puts the US average farmland value at $4,350 per acre, with cropland averaging $5,830 per acre and pastureland averaging $1,920 per acre (USDA NASS, 2025 Land Values and Cash Rents). Cash rent on cropland averaged $161 per acre nationally in 2025, split between $244 per acre for irrigated cropland and $147 per acre for non-irrigated cropland, per the same report.

US land in farms totalled about 876.5 million acres in 2024, per USDA NASS Farms and Land in Farms; of that, 328 million acres of cropland was used for crops and 303 million acres was harvested, according to USDA ERS’s cropland acreage data ( USDA ERS, cropland acreage and land use ). FPI’s roughly 70,100 acres and LAND’s roughly 99,000 acres are each a small fraction of that base — together, well under 0.03% of total US farmland — which is one reason single-company acquisition or divestment news moves each stock more than it moves the broader land market.

Yield context for the row crops FPI’s tenants grow: USDA NASS reported a 2024 US corn yield of 179.3 bushels per acre and soybean yield of 50.7 bushels per acre, and USDA NASS’s final 2025 estimates, published January 12, 2026, put corn at a record 186.5 bushels per acre (17.0 billion bushels) and soybeans at a record 53.0 bushels per acre, up from the September 2025 forecasts (USDA NASS, September 2025 crop production forecasts). Higher yields support tenant revenue and, over time, rent-paying capacity — USDA NASS updates its crop production forecasts monthly from August through November and publishes a final annual summary in January, with the latest available at USDA NASS Crop Production reports.

Farmland Values and Rents in 2026

USDA’s July 2026 survey is the newest check on what the land under these REITs is worth. Values rose again, but cash rents did not.

Values are from the USDA NASS Land Values 2026 Summary and the USDA NASS 2025 Land Values and Cash Rents report. The 2026 rents are from DTN, reporting USDA NASS data released July 31, 2026.

Returns on institutionally owned farmland were weak in 2025. The NCREIF Farmland Index returned 0.20%, made up of 3.05% income and a 2.80% capital loss. Annual cropland returned 3.52%, while permanent cropland such as orchards and vineyards lost 5.43% (AgIS Capital, citing NCREIF). Crop mix therefore matters when you compare one farmland REIT with another.

Farmland REIT Yield & Land-Value Calculator

Enter a share price, dividend yield, and share count to see your estimated annual income, then compare it against USDA’s per-acre cropland rent to see what farmland acreage would generate the same cash flow.

Assumptions: dividend yield and share price are inputs you supply and should be checked against the live NASDAQ ticker page for FPI or LAND before use; the calculator does not account for share price changes, dividend cuts, capital gains, taxes, or brokerage fees, and the cropland cash rent figure defaults to the USDA NASS 2025 national average — your local rent may differ and should be checked against your county’s USDA NASS data.

Market Trends Shaping Farmland REIT Returns

Four forces move FPI and LAND’s underlying rent revenue and the land values behind it:

• Water availability: LAND’s irrigated-land concentration in California and Florida ties its portfolio to water rights and allocation decisions more directly than FPI’s broader row-crop geography — droughts and water-district allocation cuts are a bigger single risk factor for LAND than for FPI.
• Commodity-crop yields: The corn and soybean yield trajectory covered above (179.3 and 50.7 bushels per acre in 2024, rising to records of 186.5 and 53.0 in 2025 per USDA NASS’s final estimates) feeds directly into FPI’s tenant revenue and, with a lag, into rent renegotiation.
• Technology adoption on leased land: Precision agriculture platforms — including fleet and resource management tools — affect tenant productivity, which in turn affects a REIT’s ability to renew leases at higher rents.
• Federal farm policy: USDA farm program payments, water-use regulation, and crop insurance rules shape tenant profitability and, through that, a REIT’s collection risk. Track USDA NASS’s own release calendar (monthly crop production reports from August, with a final annual summary in January) as the fastest-moving input.

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Risks Specific to Farmland REITs

Farmland REITs carry a narrower, more identifiable risk set than diversified real estate REITs because both public names are concentrated in agriculture:

• Concentration risk: With only two public tickers on the entire farmland REITs list, sector-level diversification within this asset class is limited by definition — an investor wanting true diversification needs to pair FPI or LAND with other asset classes, not with each other.
• Commodity price exposure: Even with fixed-rent leases, tenant ability to pay rent is tied to corn, soybean, and wheat prices for FPI, and specialty fruit/vegetable prices for LAND.
• Water and weather risk: Concentrated in LAND’s irrigated farms, especially in California and Florida, more than FPI’s broader footprint.
• Trading liquidity: Both FPI and LAND trade at lower daily volumes than large-cap REITs in other property types, which can widen bid-ask spreads during volatile sessions.
• Policy risk: Changes to farm subsidy programs, water allocation rules, or crop insurance structure can shift tenant economics with little warning.
• Operator risk: Both REITs’ income depends on the financial health of their farm-operator tenants, not the REIT’s own operations.

None of these risks are unique to farmland REITs in kind, but the concentration is unusual: an investor buying FPI or LAND is making a much more specific bet on US row-crop or specialty-crop economics than a buyer of a diversified REIT index fund is making on any one property type.

Integrate satellite data and automate farm monitoring for your investment due diligence:

• Farmonaut API — Access real-time farm, field, and weather data for portfolio monitoring.
• Developer Docs — Farmonaut’s REST API for land monitoring and agricultural data integration.

Satellite Data Behind the Land: Farmonaut

Neither FPI nor LAND publishes field-level condition data on their leased acreage between quarterly filings. Farmonaut fills that observation gap for anyone doing independent due diligence on farmland-heavy holdings, whether that’s a specific REIT-leased parcel or a private fund’s land base.

• Satellite-based crop health monitoring: Multispectral imagery and AI analytics on vegetation vigor, soil moisture, and pest risk — useful for tracking tenant performance on leased acreage independent of what a REIT reports quarterly.
• Jeevn AI advisory system: Personalized, AI-powered advisory for farm operators, relevant to anyone assessing tenant operator quality on leased REIT land.
• Blockchain product traceability: End-to-end supply chain traceability for agricultural commodities grown on monitored land.
• Fleet and resource management: Tools for optimizing machinery use and operational efficiency across large farm portfolios.
• Carbon footprinting: Carbon tracking tools supporting climate-aligned investment reporting.

These tools don’t replace a REIT’s own SEC filings, but they give an independent, field-level check on the physical asset behind the ticker — something neither FPI’s nor LAND’s quarterly report can offer between filing dates.

Farmonaut Subscription Pricing

How to Buy Farmland REIT Shares

1. Pick between FPI and LAND based on crop exposure: Row-crop and broad-geography exposure points to FPI; irrigated specialty-crop exposure points to LAND. Review each company’s latest 10-K via the investor relations links above before buying.
2. Check the current price and yield: Pull the live quote and dividend yield from NASDAQ: FPI or NASDAQ: LAND — never rely on a yield figure printed in an article, since both move daily.
3. Open a standard brokerage account: FPI trades on the NYSE and LAND on Nasdaq, and both are accessible through any US brokerage that offers equity trading.
4. Size the position against concentration risk: Because the public farmland REIT list has only two names, treat FPI and LAND as a single-sector bet and size accordingly within a broader portfolio.
5. For accredited investors only — consider private trusts: If you meet SEC accreditation thresholds and want exposure beyond the two public tickers, review private trust offering memoranda and Form D filings as described in the accredited investors section above.
6. Monitor quarterly filings and USDA data together: Track each REIT’s 10-Q alongside USDA NASS’s land value and crop production releases (both cited throughout this article) to see whether sector-wide land values and yields are moving with or against the REIT’s own reported results.

FAQ

What is a farmland REIT?

A: A company that owns agricultural land and leases it to farm operators, distributing rental income to shareholders as dividends. The two publicly traded pure-plays are Farmland Partners (FPI) and Gladstone Land (LAND).

How many farmland REITs are there?

A: Two publicly traded pure-play farmland REITs trade on US exchanges: FPI and LAND. Beyond those two, farmland exposure exists through private trusts (accredited-investor only) and non-REIT institutional aggregators that don’t trade as public stocks.

What is the best farmland REIT?

A: There’s no single answer — FPI offers broader row-crop and geographic exposure across the Midwest, Delta, Southeast, and Western US; LAND concentrates on irrigated specialty crops in water-sensitive regions like California and Florida. Compare current yield and portfolio composition at each company’s NASDAQ page before choosing.

Can I invest in farmland as an accredited investor beyond the public REITs?

A: Yes. Private farmland trusts accept accredited investors through Regulation D placements, with minimums set by each fund. Confirm accreditation and review the fund’s Form D filing on SEC EDGAR before committing capital.

What is FPI’s dividend yield?

A: About 3.3% on September 25, 2026 ($0.36 a year on a $10.86 share price), after FPI raised its quarterly dividend 50% to $0.09 in 2026. This moves with share price, so check the current figure at NASDAQ’s FPI dividend history page rather than relying on any fixed number.

Are farmland REITs a good inflation hedge?

A: Land values have kept rising in USDA NASS’s data, but rents have flattened: cropland rent averaged $161 per acre nationally in 2025 and $160 in 2026 (DTN, citing USDA NASS). Whether that keeps pace with a specific investor’s inflation exposure depends on their own portfolio and time horizon, not a sector-wide guarantee.

Should You Buy Farmland REIT Shares?

The farmland REIT list comes down to two public names — FPI, with about 70,100 acres in 11 states at June 30, 2026, and LAND, with about 98,700 acres concentrated in irrigated specialty crops — plus a private-placement tier for accredited investors willing to accept lower liquidity for potentially different terms. FPI’s roughly 3.3% dividend yield (September 25, 2026) and the USDA’s $160-per-acre national average cropland rent (2026) are two independently verifiable numbers you can check against the live sources any time this article’s own figures start to look stale.

Before buying either ticker, pull the current price and yield directly from NASDAQ, cross-check portfolio acreage against each company’s latest 10-K, and compare both against USDA NASS’s most recent land values and cash rents release — that three-step check is the part of this analysis that doesn’t expire. For the wider context on alternatives to REIT ownership, see how to invest in farming without owning a farm and agricultural real estate trends.

Further reading:

• best farmland REITs

References & Further Reading

• USDA NASS: 2025 Land Values and Cash Rents
• USDA ERS: Cropland acreage and major land use trends
• USDA NASS: September 2025 crop production forecasts
• NASDAQ: Farmland Partners Inc. (FPI)
• NASDAQ: Gladstone Land Corporation (LAND)
• Farmland Partners Inc. Corporate Filings
• Gladstone Land Corporation Investor Relations
• Farmonaut Carbon Footprinting
• Farmonaut Fleet Management
• 10 Low-Investment, High-Profit Agri Business Ideas [Video]