Farmland Partners
30 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.
Customers
Ag Pro Ohio, LLC
earns from · four agriculture equipment dealershipsIn addition, as of December 31, 2025, we owned land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro Ohio, LLC (“Ag Pro”) under the John Deere brand.Business (Item 1)
Solar and wind energy leases
earns from · approximately 207 megawattsAs of December 31, 2025, we leased acres to support two solar energy operational projects across ten farms which have the capacity to generate approximately 207 megawatts of renewable energy.Business (Item 1)
Partners and platforms
Promised Land Opportunity Zone Farms I, LLC (OZ Fund)
9.97% equity interestnamed as a riskWe may fail to realize some or all of the anticipated benefits of our ownership interest in the OZ Fund.Risk factors (Item 1A)
Rabobank
depends on · $4.9 millionHowever, as stated in “Note 10—Hedge Accounting” to the accompanying consolidated financial statements, the Company has an interest rate swap with Rabobank for $4.9 million, which effectively reduces our floating rate exposure to $0.0 million.Market risk (Item 7A)
Other companies
Sabrepoint
named as a riskWe may incur significant unrecoverable costs if we are not successful in connection with the litigation we have filed against Sabrepoint.Risk factors (Item 1A)
Competitors
Gladstone Land Corporation
competes withInvestment firms that we might compete directly against for investment capital to be deployed in farmland could include agricultural investment firms such as Nuveen Natural Capital, Manulife Investment Management, International Farming Corporation, Ceres Partners, Gladstone Land Corporation, UBS Farmland Investors, AgIS Capital, Homestead Capital, and Goldcrest Farm Trust Advisors.Business (Item 1)
Nuveen Natural Capital
competes withInvestment firms that we might compete directly against for investment capital to be deployed in farmland could include agricultural investment firms such as Nuveen Natural Capital, Manulife Investment Management, International Farming Corporation, Ceres Partners, Gladstone Land Corporation, UBS Farmland Investors, AgIS Capital, Homestead Capital, and Goldcrest Farm Trust Advisors.Business (Item 1)
Places
Corn Belt
concentrated in · 36,577The distribution of farms owned by region is as follows:Business (Item 1)
California
concentrated innamed as a riskWe are particularly susceptible to adverse weather conditions (such as windstorms, tornadoes, floods, drought, hail, wildfires and temperature extremes), transportation conditions (including navigation of the Mississippi River), crop disease, pests, water availability and other adverse growing conditions in California, Illinois, Colorado and Arkansas, which generate a significant portion of our revenues.Risk factors (Item 1A)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Canada
named as a riskFor example, in 2025, Canada and the European Union announced their intention to implement retaliatory tariffs on the United States.Risk factors (Item 1A)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Illinois
concentrated innamed as a riskWe are particularly susceptible to adverse weather conditions (such as windstorms, tornadoes, floods, drought, hail, wildfires and temperature extremes), transportation conditions (including navigation of the Mississippi River), crop disease, pests, water availability and other adverse growing conditions in California, Illinois, Colorado and Arkansas, which generate a significant portion of our revenues.Risk factors (Item 1A)
Also named by AEE, ALL, AWK, CASY, CINF, DRVN, NNN, NRP and 4 more
Colorado
concentrated innamed as a riskWe are particularly susceptible to adverse weather conditions (such as windstorms, tornadoes, floods, drought, hail, wildfires and temperature extremes), transportation conditions (including navigation of the Mississippi River), crop disease, pests, water availability and other adverse growing conditions in California, Illinois, Colorado and Arkansas, which generate a significant portion of our revenues.Risk factors (Item 1A)
Also named by AN, BBSI, BKH, CVX, DMLP, ENSG, MLM, PLTR and 4 more
European Union
named as a riskFor example, in 2025, Canada and the European Union announced their intention to implement retaliatory tariffs on the United States.Risk factors (Item 1A)
Also named by ABBV, ADM, AVY, BA, DXCM, ENB, GEHC, GS and 4 more
Arkansas
concentrated innamed as a riskWe are particularly susceptible to adverse weather conditions (such as windstorms, tornadoes, floods, drought, hail, wildfires and temperature extremes), transportation conditions (including navigation of the Mississippi River), crop disease, pests, water availability and other adverse growing conditions in California, Illinois, Colorado and Arkansas, which generate a significant portion of our revenues.Risk factors (Item 1A)
Mississippi River
depends onnamed as a riskWe are particularly susceptible to adverse weather conditions (such as windstorms, tornadoes, floods, drought, hail, wildfires and temperature extremes), transportation conditions (including navigation of the Mississippi River), crop disease, pests, water availability and other adverse growing conditions in California, Illinois, Colorado and Arkansas, which generate a significant portion of our revenues.Risk factors (Item 1A)
Hazards
Drought
operates innamed as a riskCrops are vulnerable to adverse weather conditions, including windstorms, tornadoes, floods, drought, wildfires and temperature extremes, which are common but difficult to predict, and may occur with higher frequency or be even less predictable in the future due to the effects of climate change.Risk factors (Item 1A)
Also named by AESI, AM, AWK, BF/B, BMI, CEG, EOG, ES and 8 more
Commodities and inputs
SOFR
exposed to its price · $4.9 million, or 3.0%, of our debtnamed as a riskOur primary interest rate exposure will be SOFR.Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Corn
exposed to its price · approximately 60% of our portfolionamed as a riskAs a result, any development or situation that adversely affects the value of properties generally, or the prices of corn, soybeans, wheat, rice or cotton, could have a more significant adverse impact on us than if our portfolio had less exposure to primary crops, which could materially and adversely impact our financial condition, results of operations and ability to make distributions to our stockholders.Risk factors (Item 1A)
Also named by ADM, BF/B, CAG, CALM, CL, DE, FLO, GIS and 10 more
Cotton
exposed to its price · approximately 60% of our portfolionamed as a riskAs a result, any development or situation that adversely affects the value of properties generally, or the prices of corn, soybeans, wheat, rice or cotton, could have a more significant adverse impact on us than if our portfolio had less exposure to primary crops, which could materially and adversely impact our financial condition, results of operations and ability to make distributions to our stockholders.Risk factors (Item 1A)
Also named by CAH, CROX, LULU, NKE, PVH, RL, SNEX, TSCO and 2 more
Wheat
exposed to its price · approximately 60% of our portfolionamed as a riskAs a result, any development or situation that adversely affects the value of properties generally, or the prices of corn, soybeans, wheat, rice or cotton, could have a more significant adverse impact on us than if our portfolio had less exposure to primary crops, which could materially and adversely impact our financial condition, results of operations and ability to make distributions to our stockholders.Risk factors (Item 1A)
Also named by CAG, CPB, FLO, GIS, HSY, KHC, MDLZ, POST and 1 more
Soybeans
exposed to its price · approximately 60% of our portfolionamed as a riskAs a result, any development or situation that adversely affects the value of properties generally, or the prices of corn, soybeans, wheat, rice or cotton, could have a more significant adverse impact on us than if our portfolio had less exposure to primary crops, which could materially and adversely impact our financial condition, results of operations and ability to make distributions to our stockholders.Risk factors (Item 1A)
Rice
exposed to its price · approximately 60% of our portfolionamed as a riskAs a result, any development or situation that adversely affects the value of properties generally, or the prices of corn, soybeans, wheat, rice or cotton, could have a more significant adverse impact on us than if our portfolio had less exposure to primary crops, which could materially and adversely impact our financial condition, results of operations and ability to make distributions to our stockholders.Risk factors (Item 1A)
Permanent/specialty crops
concentrated in · approximately 40% of our portfolionamed as a riskBy value, approximately 40% of our portfolio is used for permanent crops, and, in the future, we may add to our investments in farmland used for permanent crops, as opposed to annual row crops.Risk factors (Item 1A)
Water availability
depends onnamed as a riskHowever, should the need arise for additional water from wells and/or surface water sources, such permits and approvals may be difficult to obtain in areas with limited supply of available water.Business (Item 1)
Also named by ADI
Laws and programs
Missouri corporate farmland ownership law
subject to · 815 acresnamed as a riskAs of December 31, 2025, we owned 815 acres of farmland in Missouri and our ownership of those farms may be challenged under Missouri law, in which case we may be required to sell those farms at an unfavorable time and on unfavorable terms.Risk factors (Item 1A)
FPI Loan Program
insures or lends to · $44.6 million (representing 6% of our total assets as of December 31, 2025)named as a riskAs of December 31, 2025, the remaining loan balances total $44.6 million (representing 6% of our total assets as of December 31, 2025), of which $44.6 million were secured by senior first-lien mortgages.Risk factors (Item 1A)
CERCLA
subject tonamed as a riskThese laws, ordinances or regulations, such as the Comprehensive Environmental Response and Compensation Liability Act (“CERCLA”) and its state analogs, or any changes to any such laws, ordinances or regulations, could result in or increase the potential liability for environmental conditions or circumstances existing, or created by tenants or others, on our properties.Business (Item 1)
Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more
REIT qualification (Internal Revenue Code)
subject tonamed as a riskFailure to maintain qualification as a REIT for U.S. federal income tax purposes would subject us to U.S. federal income tax on our taxable income at regular corporate rates, which would substantially reduce our ability to make distributions to our stockholders.Risk factors (Item 1A)
Also named by ABR, AMT, CCI, DLR, ENSG, KIM, LAMR, O and 6 more
U.S. tariffs on China and retaliatory tariffs
exposed to its pricenamed as a riskTariffs and trade restrictions impact the volatility of the market prices of certain crops that our tenants grow on our properties.Risk factors (Item 1A)
USDA Conservation Reserve Program
earns fromOur portfolio supports biodiversity through the enrollment of acres, in partnership with our tenants, in the USDA’s Conservation Reserve Program (CRP).Business (Item 1)