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FPI - Farmland Partners acquires Illinois Farmland for $2.16M
February, 03 2023 07:38 AM
Farmland Partners Inc.
Farmland Partners ( NYSE: FPI ) said on Friday that it has purchased 291 acres of farmland in Schuyler County, Illinois, for $2.16M. FPI won the property during an auction held November 29. The newly acquired property is leased to the same tenant who rents FPI’s nearby farm. The farmland is expected to generate good rental income for the company in addition to asset appreciation. Shares are up 3.26% premarket. For further details see:
Farmland Partners acquires Illinois Farmland for $2.16M
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