Farmland Partners Inc. Acquires 815 Acres of Missouri Farmland for $ 6.5 Million | New


DENVER, 28 October 2021 / PRNewswire / – Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced that it has purchased 815 acres of cropland in Mississippi County, Missouri for full consideration of $ 6.5 million. This almost completely cultivable property consists of 802 cultivable acres which have been precisely graded to a grade of 1%. The farm is irrigated and located near the town of East Prairie, Missouri and will mainly grow rice, corn and soybeans. The farm will be leased for three years at a current yield of around 4%. This acquisition allowed the farmer to expand his operation and acquire another farm near his main operation. The Company intends to expand its portfolio by Missouri over the next few years.

The Company also recently acquired two properties in the center Illinois. The first farm consists of 80 acres, of which 70 are irrigated, over an area of Mason County, Illinois which produces a large amount of specialty crops such as potatoes, sweet corn, popcorn, green beans and pumpkins as well as yellow corn, soybeans and wheat. The second farm consists of 178 acres in Marshall County, Illinois very high quality floors. The Company expects to receive a current annual return of 3.5% on these recent Illinois acquisitions.

“We are pleased to add these high quality farms to the portfolio and to acquire our first Missouri closes ”, said Paul A. Pittman, Chairman and Chief Executive Officer of the Company. “Midwestern row crop farms with good soil and abundant water are good long-term investments and the backbone of the global food production system.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high quality North American farmland and provides loans to farmers secured by farm real estate. As of the date of this release, the Company owns and / or manages approximately 167,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Caroline from the south, South Dakota and Virginia. We have around 26 types of crops and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for US federal income tax purposes, effective the tax year ended. December 31, 2014. Further information: or (720) 452-3100.

Owners and brokers with farmland for sale in the Midwest region, please contact Sam woodrow, Acquisitions and Management Associate – Midwest at [email protected]

Forward-looking statements

This press release includes “forward-looking statements” within the meaning of federal securities laws, including, without limitation, statements regarding our outlook, proposed and ongoing acquisitions and divestitures, the potential impact of disputes trading and recent extreme weather events on the Company’s results, financing activities, crop yields and prices and rental rates. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “could”, “should”, “could”, “would”, “predicted”, “,. “Anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” or similar expressions or their negatives, as well as statements in the future. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, beliefs and expectations, these forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ. substantially from those defined in forward-looking statements. Some factors that may cause such a difference are as follows: general volatility of the capital markets and the market price of the Company’s common shares, changes in the Company’s business strategy, availability, conditions and deployment of capital, Company capacity to refinance existing debt on or before maturity on favorable terms, or not at all, availability of qualified personnel, changes in the Company’s industry, interest rates or the economy in general, adverse developments related to crop yields or crop prices, the degree and nature of competition from the Company, timing, price or amount of repurchases, if any, under the share repurchase program of the Company, the ability to complete acquisitions or divestitures under contract and the other factors described in the section entitled “Risk factors” in the annual report of the S company on form 10- K for the year ended December 31, 2020, and other documents filed by the Company with the Securities and Exchange Commission. Any forward-looking information presented in this document is made only as of the date of this press release, and the Company does not undertake to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unforeseen events, or otherwise.

SOURCE Farmland Partners Inc.


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