Farmland Partners Is Poised For Growth Amid Supply Shortage, Says Analyst

by Shivani Kumaresan, Benzinga Staff Writer

September 14, 2022 12:37 PM | 1 min read |

Raymond James analyst Buck Horne reiterated an Outperform rating on the shares of Farmland Partners Inc FPI and raised the price target to $17 from $15.
The price target raise comes after the U.S. Department of Agriculture’s (USDA) new 2022 land values and the company’s recent acquisitions.
The analyst said that U.S. farmers continue to enjoy an extremely strong pricing backdrop this year.
He added that the war in Ukraine continues to create uncertainty and supply shortages throughout the global grain market.
Owning one of the largest portfolios of commodity row crop acreage in the U.S., Horne believes the company is poised for a sustained period of accelerating growth and NAV accretion.
Price Action: FPI shares are trading higher by 1.88% at $14.60 on the last check Wednesday.