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.