Farmland Partners (FPI) Land & Improvements (2013 - 2026)
Farmland Partners' Land & Improvements was $552.06 million in Q2 2026, down 7.1% from $594.51 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Farmland Partners (FPI) Land & Improvements (2013 - 2026) Analysis & Trends
At the end of FY2025, Land & Improvements at Farmland Partners came in at $565 million, down 12.5% from FY2024.
- Land & Improvements has now declined for three consecutive years, with a five-year compound annual growth rate of -9.4% (FY2020 to FY2025).
- In earlier years, Land & Improvements was $645.59 million in FY2024 (-25.8%), $869.85 million in FY2023 (-11.3%), $980.52 million in FY2022 (+3.7%) and $945.95 million in FY2021 (+2.3%).
- The Q2 2026 figure marks the lowest quarterly Land & Improvements since Q4 2016.
- Compared with a year earlier, Land & Improvements has declined for 13 straight quarters, with an average decline of 19.5% over the last eight quarters.
- The best year-over-year quarter for Land & Improvements over five years was Q1 2022 (growth of 5.1%); the worst was Q3 2025 (a decline of 33.4%).
- Per Business Quant data, FPI's Land & Improvements in the three quarters before Q2 2026 was $555.46 million (Q1 2026), $565 million (Q4 2025) and $590.04 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Rayonier | 5.48 Bn | 2.67 Bn | 75.67 Mn | 23.72 Mn |
| 2 | Farmland Partners | 496.06 Mn | 499.17 Mn | 8.52 Mn | 552.06 Mn |
| 3 | Gladstone Land | 408.07 Mn | 408.07 Mn | 12.44 Mn | 712.54 Mn |
| 4 | St Joe | 3.75 Bn | 3.25 Bn | 73.42 Mn | - |
| 5 | Alico | 286.12 Mn | 104.77 Mn | 4.05 Mn | - |
| 6 | Ckx Lands | 21.52 Mn | 21.52 Mn | 165,707.00 | - |
| 7 | Power REIT | 2.50 Mn | 2.50 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 552.06 Mn |
| Mar 31, 2026 | 555.46 Mn |
| Dec 31, 2025 | 565.00 Mn |
| Sep 30, 2025 | 590.04 Mn |
| Jun 30, 2025 | 594.51 Mn |
| Mar 31, 2025 | 644.15 Mn |
| Dec 31, 2024 | 645.59 Mn |
| Sep 30, 2024 | 886.00 Mn |
| Jun 30, 2024 | 885.99 Mn |
| Mar 31, 2024 | 885.99 Mn |
| Dec 31, 2023 | 869.85 Mn |
| Sep 30, 2023 | 913.06 Mn |
| Jun 30, 2023 | 954.52 Mn |
| Mar 31, 2023 | 975.45 Mn |
| Dec 31, 2022 | 980.52 Mn |
| Sep 30, 2022 | 969.36 Mn |
| Jun 30, 2022 | 960.59 Mn |
| Mar 31, 2022 | 949.74 Mn |
| Dec 31, 2021 | 945.95 Mn |
| Sep 30, 2021 | 931.80 Mn |
API Access
Farmland Partners Land & Improvements API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=land-and-improvements&ticker=FPI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "land-and-improvements", "ticker": "FPI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=land-and-improvements&ticker=FPI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();