Farmland Partners Inc. acquired 1,523-acre farm in Morehouse Parish, Louisiana.
October 09, 2023
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Farmland Partners Inc. (NYSE:FPI) acquired 1,523-acre farm in Morehouse Parish, Louisiana in the third quarter ended September 30, 2023.
Farmland Partners Inc. (NYSE:FPI) completed the acquisition of 1,523-acre farm in Morehouse Parish, Louisiana in the third quarter ended September 30, 2023.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire North American farmland and makes loans to farmers secured by farm real estate. The Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. Its portfolio is used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and produce specialty crops, such as almonds, citrus, blueberries and vegetables. In addition, under the FPI Loan Program, it provides loans to third-party farmers (both tenant and non-tenant) to provide financing for property acquisitions, working capital requirements and others. It has over 26 crop types and over 100 tenants.
FARMLAND PARTNERS INC. 
