Chief Investment Officer | 25 September 2025How timberland, agriculture can fit into asset owner portfoliosBy Matt ToledoAgriculture, timberland and other real-asset-based and natural resource investments can serve as an attractive addition to allocator portfolios. “Permanent crops play a very similar role to timberland in a portfolio,” says Tom Bratkovich, CIO of DCA Family Office. “They’re long-duration, cash-flowing real assets with low correlation to traditional markets. Some will put natural capital alongside real estate as a diversifier for real estate. Asset managers like Brazil’s BTG Pactual, Nuveen Natural Capital, J.P. Morgan’s Campbell Global, Macquarie Asset Management, AgIS Capital and PGIM Real Estate are among those managing timberland and farmland for institutional investors.