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The real estate investment trust issued its first quarter earnings Monday. “Our large Paris, Illinois acquisition highlighted a transformative quarter for our Company,” said CEO Paul Pittman. “Our first quarter operating revenues more than doubled year-over-year, which is indicative of the scale that we have achieved in a relatively short period of time.”

In November 2015, Farmland Partners Inc. (FPI) entered into a purchase agreement to acquire approximately 22,300 acres of farmland in Illinois for a total purchase price of $197 million. FPI is a publicly traded real estate investment trust.

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