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  • Ted April 2014
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New Farmland REIT IPO This Wk.

scott
edited April 2014 in Off-Topic
Farmland Partners.

From what I've taken from the prospectus, this would appear to be - similar to Gladstone Land (LAND), purely a land play and not a play on the actual crops. They have not become a REIT yet (although I don't think there'd be an issue?)

Nearly all of the farms for this company are in the Midwest, it would appear, which opens it up certainly to seasonal issues. I believe Gladstone Land's farms are primarily in warmer areas (a number of their properties are in Arizona, Florida and California although they have some in Oregon and Michigan). The first highlight in the "risk" section is actually: "• The geographic concentration of our initial portfolio could cause us to be more susceptible to
adverse weather, economic or regulatory changes or developments in the markets in which our
properties are located than if we owned a more geographically diverse portfolio, which could
materially and adversely affect the value of our farms and our ability to lease our farms on
favorable terms or at all.'

I'm not interested, but I believe this IPO was discussed in the recent past, so throwing the information out there.

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