In PGIM Real Estate's latest Agriculture Landscape publication, we explore the most recent developments in the sector. Highlights include:

• The Consumer Price Index (CPI) for food remains stable for now.
• The impact of potential reciprocal tariffs on some US agricultural products is still uncertain as new trade agreements are being finalized.
• The One Big Beautiful Bill (OBBB), signed into law this past July, is expected to provide additional safety net funds – a win for the farming sector.
• Some operations have reported that fears of deportation are causing workers to leave.
• Asset Management Firms without a platform to invest in the farmland sector may be inclined to buy more agricultural investment managers.