Nearly 42,000 Acres of Farmland Sold to Mormon Church for $289 Million
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In October 2024, a sale of 41,554 acres of farmland across a portfolio of 46 farms was sold by Farmland Partners Inc. to Farmland Reserve, Inc., an entity of The Church of Jesus Christ of Latter-day Saints, for $289 million.
Farmland Partners Inc. is an internally managed real estate company that owns more than 140,000 acres of farmland across 15 states and makes loans to farmers secured by farm real estate. The company went public in 2014, and has since purchased more than 300 farms through various transactions with other investors, landlords, and farmers.
Content retrieved from: https://www.agriculture.com/nearly-42-000-acres-of-farmland-sold-to-mormon-church-for-usd289-million-8780385.
