Profile: Farmland Partners Inc (FPI.N)
15 Dec 2017
Farmland Partners, Inc., incorporated on September 27, 2013, is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership). All of the Company's assets are held by, and its operations are primarily conducted through, the Operating Partnership and the subsidiaries of the Operating Partnership. The Company's principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America. The Company also may acquire properties related to farming, such as grain storage facilities, grain elevators, feedlots, cold storage facilities, processing plants and distribution centers, as well as livestock farms or ranches.
The Company, through FPI Loan Program, intends to make loans to third-party farmers (both tenant and non-tenant) to provide partial financing for working capital requirements and operational farming activities, farming infrastructure projects, and for other farming and agricultural real estate related purposes. In addition, under the FPI Loan Program, it provides mortgage loans secured by farmland and properties related to farming. It owns farms in Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas and Virginia. The farms in the Company's portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and some of its farms produce specialty crops, such as blueberries, vegetables, citrus, nuts and edible beans. As of December 31, 2016, the Company owned approximately 115,489 acres, as well as eight grain storage facilities.
Farmland Partners Inc
4600 S Syracuse St Ste 1450
DENVER CO 80237-2766
Company Web Links
- BRIEF-Farmland Partners reports quarterly AFFO per share of $0.09
- BRIEF-Farmland Partners acquires California farmland for $110 mln
- BRIEF-Olam International enters into revenue sharing model with Farmland Partners
- BRIEF-Farmland Partners announces pricing of public offering of 6% Series B participating preferred stock
- BRIEF-Farmland Partners commences public offering of Series B participating preferred stock