Farmland Partners purchases 2nd Arkansas farm

|About: Farmland Partners Inc (FPI)|By:, SA News Editor

The 690-acre row crop farm in Arkansas is under agreement for about $2.7M in cash, and the deal is expected to close in the next month.

Farmland Partners (NYSEMKT:FPI) CEO Paul Pittman notes this farm is within two miles of another Arkansas farm under contract and the company should be able to realize economies of scale.