Murray Wise Plans to Step Down from the Farmland Partners Inc.'s Board of Directors, Effective January 1, 2024
December 29, 2023 at 05:00 pm EST
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Farmland Partners Inc. announced that Murray Wise, the founder of FPI subsidiary Murray Wise Associates LLC (?MWA?), plans to step down from the Company?s Board of Directors effective January 1, 2024. Wise founded the Westchester Group in 1986, which has grown to become the world?s institutional farmland asset manager. He started MWA as a spinoff of Westchester?s brokerage, auction, and farm management businesses when the company was acquired by TIAA in 2010.
FPI acquired MWA in November 2021, at which time Wise joined the Company?s Board of Directors.
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. 
