Farmland Partners Continues Buying Thousands of Acres

April 15, 2016 12:30 PM
Farmland Partners Continues Buying Thousands of Acres

The first quarter of the year was a busy one for Farmland Partners Inc., a Denver-based agricultural real estate investment company, and it ended with the company announcing an agreement with Metropolitan Life Insurance Company (MetLife) for term loans of up to $127 million to continue financing farmland acquisitions in the U.S.

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Spell Check

Little man
Big city, MN
4/15/2016 05:52 PM

  Times must be tough for farmland partners if they need to borrow money from insurance companies to buy land. Would it make more sense to just stop buying land? Won't be long and all the land will be corporate controlled.

orient, OH
4/18/2016 12:32 PM

  I learned that insurance companies were generally the lender of last resort. Also, most of these transactions are cash and stock. Can't wait to see what happens when share prices fall. The value of the transaction won't be as nearly as impressive as it was when it happened. Wonder is Farmland will make a stock buyback offer at pennies on the dollar. $8k/a becomes $5k/a ?

usa, IL
4/15/2016 10:40 PM

  they went bankrupt in 1986 wall street need to get out of farm land