Farmland Partners has announced its largest farmland buying spree yet, spending $25 million to take its portfolio over 35,000 acres. The group states that contrary to negative speculative reports, farmland values across the majority of the U.S. are increasing and that competition remains tight on the farmland market. The group has purchased eight farms totaling 6,080 acres in Nebraska and Arkansas for $25 million bringing the total the group has spent acquiring land since its floatation in March to $80 million. The group announced in July plans to acquire $110 million in farmland and has increased its buying facility with the Federal Agricultural Mortgage Corporation to $75 million and has unveiled the pricing at 2.35% of a $5.46 million three year interest-only bond providing the group with attractive financing for further acquisitions.
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