Many people buy agricultural land with the intention of starting a farming business. You may want to grow crops, raise animals, or engage in agriculture. Good agricultural land and good road access give them the space and resources to achieve this. For middle-aged and retired people, investment is the main reason as farmland can be a long-term investment that can increase in value over time. Land is a limited resource and as population increases, demand for agricultural products generally increases.
This can lead to an increase in the value of agricultural land. Farmland can be a valuable addition to your investment portfolio and provide diversification benefits. It tends to have a low correlation with other asset classes such as stocks and bonds, meaning it can help diversify risk. If the investment in agricultural land is considered as a partial investment, income can be obtained from agricultural activities on agricultural land.