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FPI - Farmland Partners acquires first farm in Indiana for $2.1M
Farmland Partners Inc.
Farmland Partners ( NYSE: FPI ) purchased 161 acres of cropland in Benton County, Indiana for ~2.1M.
The corn and soybean farm consists of two contiguous tracts.
The farm is leased through the end of the year, and the company believes that the property will demand strong rental rates for 2023 given its history of productivity and current market conditions.