On June 28th I wrote a bullish article on Farmland Partners (NYSE:FPI) with a 2 year price target of $16.25. FPI has dropped from ~$12.50 at the time of publication to $10.78 (intraday 8/15).
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The market tells me that I was wrong. The fundamentals, however, tell me that I am right. Farmland Partners has become an even better opportunity than it was before with an extremely favorable reward to risk ratio.
In following FPI, I have run into three concerns of the market that seem to be quite prevalent:
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