The Risk to Reward Trade-Off in Farmland Investing?

The problem with farming, and every other asset class is you don't know the future. So one of the biggest risks in investing is you will select one investment and then it will have a terrible period of returns going forward. The risk can be mediated through, guess what, diversification. As magan said earlier, you don't want a lot of your assets in one asset class. Just have a sliver if you want more diversification. But i'd also like to throw out for you generalist investors, you don’t have to own farmland. You don't have to own any alternative asset classes. You can be well diversified without it.