Investing in Agriculture as an Asset Class

摘要: There has been massive investment in agricultural assets including farmland, handling and trading, technology, fertilizer, others. A number of studies have analyzed investing but there limited focus on non-farmland assets. This article analyzes the role farmland other investments class-specific portfolios. We use a Mean-Value at Risk (M-VaR) model with restrictions to find, compare, contrast optimal portfolio composition among U.S. equities grain futures. Copulas are used account for non-normal distributions asymmetric dependence relationships. The results illustrate that is attractive as an investment. However, risk tolerance increased, shift would bring greater returns.