Farmland Partners To Buy Farms For $46 Mln

(RTTNews) - Farmland Partners Inc. (FPI) Monday said it agreed to buy seven row crop farms in South Carolina of about 6,819 acres for $28 million.

The company intends to sign multi-year leases with the seller and other third party tenants. The acquisition, which is subject to customary closing conditions, is expected to close no later than December 22.

The company also announced eight other separate purchase agreements with seven separate sellers to acquire eight farms in Colorado, Arkansas and Nebraska totaling approximately 3,588 acres for approximately $18 million in cash.