Farmland Partners (FPI) - Hoya Hotseat

Hoya Capital

Farmland Partners (FPI) - Hoya Hotseat In the News All FPI Dec 30 Written By Alex Pettee, CFA Hoya Capital Farmland Partners (NYSE: FPI) is one of two publicly-traded Farmland REITs, which owns approximately 135,000 acres of farmland across 15 states. Roughly 90% of FPI's portfolio is Row Crop Farms, which are planted and harvested annually (corn, soybeans, wheat, rice, cotton), while 10% of its portfolio is Permanent Crop Farms (trees, bushes, or vines are planted and harvested every 10-25 years).

Founder and Executive Chairman Paul Pittman joins the Hoya Hotseat to discuss the unique investment case for FPI as a means to own American farmland, FPI's evolution from a small personal portfolio into a public REIT, potential technological risks to traditional farming, and the outlook for the broader farmland industry. Continue reading ▶︎ Interviews Press All Hoya Hotseat FPI Alex Pettee, CFA Transcript yeah we are a re Trader on the New York Stock Exchange we invest in Farmland all across the United States uh today we own a little over a billion dollars of Farmland spread across 16 or 17 States our Focus has historically been in primary row crop Farmland corn soybeans sweat rice cotton ground biggest single state amongst our Holdings is the state of Illinois um we also do have some investment in specialty crops uh you know like almonds pistachios wine grapes Citrus Etc um although that's always been a somewhat lesser Focus for us um long-term strategy here is fundamentally to capture two streams of um wealth creation for our investors the first stream is of course collecting rents and making an annual distribution in the form of a dividend and the second thing is to capture long-term appreciation the asset class appreciates on average about five or 6% a year so when you hold a piece of property for something in the neighborhood of uh you know 7 to 10 years there's ...