Agreement." In addition, we will continue to rely upon our Agricultural Sub-Adviser, pursuant to an amended and restated Sub-Advisory Agreement that is described in more detail under "Our Business and Properties—Investment Focus and Process—Underwriting Criteria and Due Diligence Process— Agricultural Sub-Adviser." Factors That May Affect Our Operating Results and Asset Value Our operating results and the value of our farms are affected by a number of broad economic or fundamental factors, including global supply and demand trends and crop prices, as well as other more localized or property specific factors, including rental rates and lease structures, our ability to control expenses, weather events, including droughts, seasonality and the portion of our portfolio invested in development farms. For a discussion of economic conditions and the outlook regarding the farming industry, particularly with respect to the United States, See "Industry Overview and Market Opportunity." Demand for Random! and Agricultural Crops The most significant driver of our operating results and portfolio value is, and we believe will continue to be, global demand for U.S. agricultural crops, which in turn is driven by global demographic and economic trends such as population growth and the increasing size and wealth of the middle class in emerging markets and, to a lesser extent, a trend toward increased reliance on alternative energy sources. Increasing demand for US. agricultural crops generally results in the support of and, over the long-term, increase in the value of U.S. farmland and increases in rental rates for those farms. Further, we believe that the U.S. has strong agricultural advantages in its topography and geographic position, with its varied climatic regions allowing for the production of a wide variety of agricultural crops and its central position between industrial centers in Asia, Europe, Canada and South America making it a favorable location for