Farmland partners finalizes $16.2 million in farmland sales for a 24% gain

Denver--(business wire)--farmland partners inc. (nyse: fpi) (the “company” or “fpi”) today announced that it sold 2,426 acres of farmland in nebraska and south carolina to the tenants who rented the properties. the transactions totaled $16.2 million and represented a total gain on sale of more than $3.1 million, or approximately 24% over net book value. “these transactions highlight the appreciation power of farmland, as well as the health of the farm economy in general. the proceeds from these.
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