Re: Timberland-Farmland: Resilience Under Uncertainty
Maybe farmland is a good stabilizer in market crashes, but not timerberland.
Just look at WY's chart versus the S&P500, much more volatile and sharper downturns. WY is down more than the S&P500 this year.
At a 7+% yield WY probably is a decent buy if you believe the world returns to normal in a year or so.
For me, if the world returns to normal, I like my FUN and EPR holdings as get-out-of-the-house entertainment should rebound before housing starts.
If the world goes into a depression, well, I just added WMB as natural gas transportation would probably be one of the last shoes to drop.