r Treasury (9.6%) Baa Bonds (10.0%) IIII Equity REITs (26.3%) S&P 500 (26.6%) MSCI EAFE Index (35.0%) OJIA (40.0%) (20.0%) 0.0% Source: University of Illinois, Center for Farmland Research. 20.0% 40.0% U.S. farmland performance during different interest rate environments and during recent credit shocks U.S. farmland property values