Returns on the IPD Rural Property Investment Index outstripped commercial and residential property, which earned investors -3.4% and 17% respectively.
IPD said the total return can largely be attributed to the rise in capital values.
Capital growth was 23.2% for held property.
However, it said 2007 was the lowest income-producing year since the index began in 1981, yielding just 2.1%.
The East Midlands achieved the highest returns at 34.9%, well above the
IPD co-founder Ian Cullen said: “Specialist investments in rural land and forestry have demonstrated their diversification strength in 2007 — for that small group who have stayed loyal to these sectors.”