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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:06 EDTFPIFarmland Partners announces agreement for acuisition of Nebraska farm for $1M
Farmland Partners announced that it has entered into a purchase agreement to acquire an approximately 640-acre row crop farm in Morrill County, Nebraska for approximately $1M. The company intends to sign a five-year lease with the seller at an anticipated unlevered annual cash return of approximately 6.25%. The acquisition, which is subject to customary closing conditions, is expected to close on or before July 3.
News For FPI From The Last 14 Days
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June 29, 2015
09:07 EDTFPIFarmland Partners agrees to acquire blueberry farm in Michigan
Farmland Partners announced that it has entered into a purchase agreement to acquire a blueberry farm in Michigan comprised of approximately 125 acres for a purchase price of $1.2M in cash. The acquisition is expected to close in the third quarter of this year, subject to customary closing conditions. In the first full year of the company's ownership, this farm is expected to have an annual rental income of 8% to 10% of the purchase price. This acquisition is the first permanent crop farm the company has acquired. The company currently owns two other farms with substantial annual specialty vegetable crop production.

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