Farmland Partners Inc. reported a strong first quarter in 2021, highlighted by positive momentum in land values and lease renewal rates, driven by demand and farm productivity gains. However, the results were impacted by $2.5 million in legal expenses related to the Rota Fortunae litigation.
Demand-driven bull market and farm productivity gains are generating a strong profit outlook for farmers.
Positive momentum in land values and lease renewal rates.
Q1 2021 was a strong quarter for Farmland Partners, other than for legal expenses.
Specialty crop performance is on track to equal or exceed 2020.
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