Farmland partners to sell $289 million of farmland to farmland reserve, inc.

Denver--(business wire)--farmland partners inc. (nyse: fpi) (the “company” or “fpi”) today announced that it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland (the “portfolio”), for $289 million in a single transaction (“the “transaction”) with farmland reserve, inc. the all-cash deal has been finalized by both parties and is scheduled to close on october 16, 2024, once all conditions to closing are satisfied. the portfolio includes farms across several regions and states,.
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