---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-105838"
form_type: "8-K"
ticker: "FPI"
cik: "0001591670"
company_name: "Farmland Partners Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:32:04.390641+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Farmland Partners agrees to sell 46 farms for $289M; expects ~$50M gain

## Summary
- Portfolio of 46 farms (41,554 acres) sold to Farmland Reserve for $289M all-cash; close Oct 16, 2024.
- Expected pre-tax gain of ~$50M, or ~21% over aggregate net book value.
- Proceeds: reduce debt by ~$140M, buy back stock, pursue acquisitions, and general corporate purposes.
- FPI expects to make a significant special distribution to shareholders at year-end.
- Portfolio excludes Illinois farmland; includes farms in AR, FL, LA, MS, NE, OK, NC, SC.

## SEC filing metadata
- accession: 0001104659-24-105838
- form_type: 8-K
- ticker: FPI
- cik: 0001591670
- company_name: Farmland Partners Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591670/000110465924105838/0001104659-24-105838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591670/000110465924105838/tm2425507d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-105838
- JSON: https://secwatch.observer/filing/0001104659-24-105838.json
- Plain text: https://secwatch.observer/filing/0001104659-24-105838.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.