Farmland partners sells 303 acres to solar power company, achieves 132% gain

Denver--(business wire)--farmland partners inc. (nyse: fpi) (the “company” or “fpi”) sold approximately 303 acres of north carolina farmland to a large solar power developer for $4 million on wednesday. the company realized a net gain of nearly $2.3 million, or 132%, on the disposition. the parcel was part of a 944-acre farm that fpi acquired in 2015. it will continue to rent the remaining farmland to a local farmer. “this sale is great news for our shareholders because of the more than 2x gain
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