- Farmland Partners Inc. owns farmland in the U.S., which has historically proven to be a good diversifier for any portfolio.
- After years of stagnation, farmland prices recently started to take off. This might mark the start of a new upcycle.
- FPI trades at around NAV, which means investors won't overpay, and also has the potential of a virtuous cycle of expanding multiples and growth opportunities.
- Recent venturing into farmland asset management provides some additional optionality, as do potential legal cost recoveries or usage of land for renewable energy.
For further details see:
Buy Farmland Partners For Its Assets, Not Its Cash Flow