25 – Nov – 2024

Bisnow Weekend Interview: How Farmland Partners’ Paul Pittman is Growing Cash Crops for Shareholders

When Paul Pittman looks at farmland, he sees more than dirt and crops — he sees a stable, appreciating asset class with high growth potential and market resilience. Andshareholders in the public REIT he founded a decade ago in Denver, Farmland Partners, are seeing big dividends. The commercial real estate industry across asset classes is […]
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When Paul Pittman looks at farmland, he sees more than dirt and crops — he sees a stable, appreciating asset class with high growth potential and market resilience. And
shareholders in the public REIT he founded a decade ago in Denver, Farmland Partners, are seeing big dividends.

The commercial real estate industry across asset classes is wrestling with post-pandemic market shocks, rising interest rates and inflation, but Farmland Partners is
making moves and raking in significant cash. The REIT just closed on the $289M sale of a 46-farm portfolio spanning more than 41,000 acres across seven states to a
subsidiary of The Church of Jesus Christ of Latter-day Saints — and made a $50M profit in the process.

Farmland Partners sold about $200M worth of farmland in 2023, still has a portfolio worth about $1B, and is shopping for more, Pittman told Bisnow during a recent
interview. …

Pittman took the time to discuss with Bisnow the evolution of farmland investing, the challenges of sustainability, and why he believes this alternative asset class is primed
for continued growth — even in turbulent economic times.

Read the full interview on Bisnow.

Note: The article contains Forward Looking Statements.

FPI Insights
11 – Oct – 2024

Managing the Farm

Farmland Partners’ core business is purchasing high-quality farmland then leasing that land back to farmers at the highest possible rents – thus deriving returns for company investors through income revenue and asset appreciation. But buying and renting farmland isn’t our only source of funds. We also manage farms on behalf of third-party landlords through our […]
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