Farmland partners purchases 439-acre nebraska farm

Denver--(business wire)--farmland partners inc. (nyse: fpi) (the “company” or “fpi”) yesterday purchased a 439-acre farm located in colfax county, nebraska, for approximately $2.6 million. the corn and soybean farm includes 425 tillable acres, 350 of which are pivot irrigated. it is being rented back to the seller on a one-year lease with a gross capitalization rate of 5.2 percent. “our company is in growth mode and this purchase is exactly what we're seeking for our investors,” said fpi chairm
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