I concede that whilst RFF does not directly produce almonds and...

I concede that whilst RFF does not directly produce almonds and wine, it's orchard and vineyard assets do.

As the lessor of almond and wine properties and with more land under development IMHO an increased demand for almonds and wine will attract more producers and competitive leases for their properties and not just "reduce the chance of the tenant going bust & defaulting on the rent".

I agree with the RFF Investor post that suggests "Capital growth is expected to occur over time as the agricultural property assets increase in value driven by increasing competition for farmland to ensure food security, the impact of the emerging Asian middle class and a growing global population."

So we have capital growth and increased earnings and that is what investment is all about; my positive outlook.