Farmland Partners Inc., Denver, Colo, acquired 158 acres of farmland in Hamilton County, Neb., its second purchase in the county this month.
The company bought the irrigated row crop farm for $2 million and will lease the property back to the seller. The property is located approximately 16 miles from an 838-acre farm that the Company purchased on June 1.
"Hamilton County is in the heart of a fertile seed corn area, and it's highly regarded for its good soils and water access," said FPI Chairman and CEO Paul Pittman. "This farm has a great productivity track record and is a good addition to the company's portfolio."
FPI now owns 32 farms in Nebraska, spanning 7,374 acres. It is the nation's largest publicly traded farmland REIT by U.S. acreage.
Categories: Nebraska, Business