Farmland partners completes $8.9 million in farmland sales at 73% gain

Denver--(business wire)--farmland partners inc. (nyse: fpi) (the “company” or “fpi”) today announced that it has sold 1,370 acres of farmland stretching across four farms in arkansas, georgia, illinois, and south carolina. the transactions totaled $8.9 million and resulted in a cumulative gain on sale of $3.7 million – approximately 73% over net book value. “asset appreciation is a major factor in farmland investment returns, and good farmland is still in high demand,” said luca fabbri, fpi's p.
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