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Latest Farmland Industries Stories

2014-08-27 16:26:31

DENVER and WASHINGTON, Aug. 27, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) ("Farmland Partners") and the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac") today announced Farmland Partners' initial issuance of a $20.7 million, 3-year, interest-only note to Farmer Mac with a fixed interest rate of 2.40% under a $30 million secured note purchase facility (the "Facility"), which may be upsized upon approval by both Farmland Partners and Farmer...

2014-08-08 08:27:45

DENVER, Aug. 8, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 690-acre row crop farm in Arkansas for approximately $2.7 million in cash. The acquisition is expected to close prior to September 9, 2014, and is subject to customary closing conditions. "This farm is located within 2 miles of the other Arkansas farm that we have under contract, and is expected to create...

2014-06-23 08:31:40

DENVER, June 23, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 1,250-acre row crop farm in Arkansas for approximately $4.6 million in cash. The Company anticipates that the unlevered annual cash return from a lease on this property will be in excess of 5% per annum, which is in line with the Company's other recent acquisitions.The acquisition is subject to customary...

2014-06-19 12:27:12

NASHVILLE, Tenn., June 19, 2014 /PRNewswire/ -- Thousands of competition barbeque cooks claim to have the best pork ribs. In 2014, Smithfield and Farmland, two leading brands under the Smithfield Foods family of banners, will help settle the argument. The Kansas City Barbeque Society (KCBS) is proud to announce its partnership with Smithfield and Farmland as the official sponsors of the 2014 Rib Team of the Year. Smithfield and Farmland products are a preferred protein choice for many...

2014-06-04 08:35:26

DENVER, Colo., June 4, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 640-acre row crop farm in Morrill County, Nebraska for approximately $1.0 million. The Company intends to sign a five-year lease with the seller at an anticipated unlevered annual cash return of approximately 6.25%. The acquisition, which is subject to customary closing conditions, is expected to...

2014-05-29 08:32:11

DENVER, May 29, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into an agreement to purchase Hudye Farms U.S., Inc. ("HFUSI") for $24.5 million. HFUSI owns a total of 12,500 acres of row crop farmland located primarily in Eastern Colorado, with a small portion of the farmland in Western Kansas. The Company expects to enter into approximately three-year leases with six current third-party tenants at an anticipated unlevered...

2014-05-01 20:25:20

READING, Pa., May 1, 2014 /PRNewswire/ -- American Farmland Trust and the Pennsylvania Farmland Preservation Association today announced Dr. Robert C. Ziegenfus and Victoria Kintzer, two charter members of the Berks County Agricultural Land Preservation Board, are winners of this year's Local Hero Award. The award, which recognizes significant contributions to farmland preservation in Pennsylvania, was presented by Andrew McElwaine, AFT President and CEO, during the Association's...

2014-04-21 08:22:13

DENVER, April 21, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into purchase agreements to acquire an approximately 3,696-acre row crop farm for approximately $8.75 million. The Burlington, Colorado-based farm is located primarily in eastern Colorado, with a small portion of the acres immediately across the border in western Kansas. The Company intends to sign a three-year lease with the seller at an anticipated...

2014-01-21 08:24:23

WASHINGTON, Jan. 21, 2014 /PRNewswire-USNewswire/ -- The annual American Farmland Trust survey of state farm and ranch land protection programs shows a 19 percent increase in funding from 2011 to 2012, but funding levels are still 39 percent below where they were in 2008, according to Andrew McElwaine, President and CEO of AFT. "State budget cuts have hit agricultural land protection programs hard in the last five years, but our latest survey shows a very significant 19 percent...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'