Schrader Real Estate and Auction Company

Farmland Partners Acquires 8,638 Acres of Illinois Farmland at Auction for $55 Million

Posted on January 3, 2017 by Land Report Editors

River bottomland goes for $6,400-plus per acre. Farmland Partners Inc. (FPI) has entered into a purchase agreement to acquire 8,638 acres of row crop farms in Illinois for $55.3 million in cash. The Denver-based REIT will fund the transaction with…