Farmland Partners acquires Illinois farmland
DENVER (Business Wire) -- Farmland Partners Inc. (NYSE: FPI) announced Saturday that it purchased 291 acres of farmland in Schuyler County, Illinois, for $2.16 million. FPI won the property during an auction held on November 29. “We continue to hunt for prime farmland that can be purchased at a good price. We prioritize properties that are close to other FPI farms because it creates efficiencies and drives strong rental rates,” said Paul Pittman, FPI’s Chairman and CEO. “This acquisition checks […]
