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0 0 9.2764378478448E-06 0.000463821892393229 0.000463821892393229 0.00185528756957324 0.00231910946196647 0
Stock impact report

Latter-day Saint investment auxiliary Farmland Reserve agrees to buy 46 farms in eight states [Yahoo! Finance]

Farmland Partners Inc. (FPI) 
NASDAQ:AMEX Investor Relations: ir.farmlandpartners.com
Company Research Source: Yahoo! Finance
Farmland Reserve has agreed to pay $289 million for a total of 41,554 acres of farmland, according to a news release issued last week by Farmland Partners. The cash deal is scheduled to close on Wednesday. The farms changing hands are located in North Carolina, South Carolina, Florida, Mississippi, Arkansas, Louisiana, Oklahoma and Nebraska. They grow corn, soybeans, cotton, rice, peas and peanuts. The new owner plans to lease the farms to local farmers, Farmland Reserve CEO Doug Rose said in the news release. “We are grateful for the opportunity to work with Farmland Partners to acquire this unique portfolio of high-quality farmland,” he said. “We're also gratified they saw us as the right buyer for these properties and the farmer-tenant relationships that come with them. As an investor with a long-term vision, we look forward to leasing these productive farms to local farmers for many years to come.” Farmland Reserve leases land to local farmers and to solar and wind renewa Show less Read more
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