The number of people living in non-metropolitan areas outgrew the urban population for the first time in three decades in 2021. And the rural population expanded once again in 2022. As a result, housing prices in the fastest-growing rural counties have surged more than 40% over the past three years. This shift is impacting farmland prices big-time. As you can see below, farmland prices - which were already at record levels due to higher commodity costs and more people buying land as a hedge against inflation - have continued to ascend. The value of agricultural land is up 7.5% since last year - and this trend is not showing any signs of slowing down. YOUR ACTION PLAN Companies like John Deere (NYSE: DE) and Caterpillar (NYSE: CAT) stand to benefit from the increasing value of farmland. As I wrote in The War Room this morning, Caterpillar is one of the best dividend stocks your money can buy. And it's cheap right now - it currently trades at 14X this year's earnings, which is down from 17X last year. This is a classic "Dividend Aristocrat" play that offers great long-term value. To see how we're trading these two names, you need to be "in the room." Click here to join us! |
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