25 – Mar – 2022

This Colorado CEO Grew a Farmland REIT Into a Billion-Dollar Public Company

Paul Pittman brought a combination of Midwestern farming and corporate finance together in a public company in Denver. He’s the top executive of one of the few companies connecting the world of finance to farming and agriculture, a real estate company that’s a landlord to tenant farmers around the country and allows investors to benefit […]

Paul Pittman brought a combination of Midwestern farming and corporate finance together in a public company in Denver.

He’s the top executive of one of the few companies connecting the world of finance to farming and agriculture, a real estate company that’s a landlord to tenant farmers around the country and allows investors to benefit from the farmers’ success feeding people.

The business is a culmination of the lifetime of experience for Pittman, one that embodies his belief that “everybody gets to eat” and is tied to Colorado because of his passion for the state’s iconic sport, skiing.

Pittman grew up around farms in Illinois, the son of a schoolteacher who partly owned a family farm. He worked on a dairy farm as a teenager and went to college at the University of Illinois to study agriculture.

His company, Farmland Partners Inc. (NYSE: FPI), is one of only a couple of real estate investment trusts that focus on agricultural land.
The 25-employee company owns 160,200 acres in 17 states and generates money from the lease payments of tenant farmers working the land. The company’s land holdings are worth $1.1 billion. It also owns a couple of small cattle feedlots, a farm auction business and lends money to finance farm operations. …

Read the full profile of Farmland Partners’ CEO in the Denver Business Journal

In the News
10 – Mar – 2022

Wise: A Thousand Acres is for Investing, Not Fighting

Jane Smiley, a former English professor at Iowa State University, wrote a Pulitzer Prize-winning novel about an Iowa farm family in the 1970s feuding over control of 1,000 acres. The Shakespearean drama that unfolded in the fictitious A Thousand Acres could be expected given the rapid increase in farmland values at the time. U.S. farmland […]
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FPI Insights
20 – Apr – 2022

Farmland: Putting the Fun in Fungible

Amazon has been busy shopping – not shopping at malls, but shopping for malls. The company snapped up approximately 25 malls between 2016 and 2019, converting them to fulfilment centers, according to an NBC News report from April 2021. It’s an interesting case study about reimagining space that was underutilized after more shoppers turned to […]
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