Farmland Partners (FPI)

The company’s revenue primarily comes from rent paid by tenants under farm leases. This gives Farmland Partners a business model that differs from traditional agricultural producers: it does not depend mainly on directly planting, harvesting or selling crops, but on owning productive land and collecting lease income. Its assets may also include grain storage and other farm-related facilities that support agricultural operations.

Farmland is a specialised real estate category because supply is finite, productivity varies significantly by region, and values are influenced by crop prices, interest rates, water availability, soil quality and demand for food, feed and biofuels. Farmland Partners seeks to own high-quality properties in established agricultural regions, giving investors exposure to US farmland as an income-producing asset class. The company is distinctive for bringing institutional-style farmland ownership to public markets, allowing shareholders to access a sector that has historically been dominated by private owners, family farms and specialised agricultural investors.