Farmland Partners (FPI) - Hoya Hotseat
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.