Subsequent Events	9 Months Ended
Sep. 30, 2024
Subsequent Events
Subsequent Events	Note 12—Subsequent Events We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued. Dividends On October 29, 2024, the Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock and Common unit payable on January 15, 2025 to stockholders and unitholders of record as of January 2, 2025. Real Estate Dispositions On October 7, 2024, the Company completed the sale of a portfolio of six farms comprising 4,762 acres of farmland located in Arkansas for $19.0 million in aggregate consideration. On October 16, 2024, the Company completed a sale with Farmland Reserve, Inc., a Utah nonprofit corporation (“Farmland Reserve”) pursuant to which the Company sold a portfolio of 46 farms comprising 41,554 acres of farmland located in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, North Carolina and South Carolina for an aggregate purchase price of $289.0 million in a single, all-cash transaction (the “Farmland Reserve Transaction”). Repayments of Debt In connection with the real estate dispositions described above, the Company used $189.4 million of the proceeds to repay debt with a weighted average interest rate of 5.77%. Swap Agreement Amendment As a result of the reduction in debt on our Rabobank Mortgage Note, the Company amended its existing swap agreement on October 17, 2024 to adjust the total notional amount of the Company’s receive-variable/pay-fixed interest rate swap from $33.2 million to $11.8 million. No other terms of the existing swap agreement were amended. Issuance of Loan under the FPI Loan Program On October 29, 2024, the Company entered into a loan agreement under the FPI Loan Program for approximately $22.0 million with a former tenant and its affiliates. The loan is secured by first liens on agricultural properties owned by the former tenant and its affiliates and matures on November 15, 2025.

Subsequent Events

9 Months Ended

Sep. 30, 2024

Note 12—Subsequent Events

We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued.

Dividends

On October 29, 2024, the Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock and Common unit payable on January 15, 2025 to stockholders and unitholders of record as of January 2, 2025.

Real Estate Dispositions

On October 7, 2024, the Company completed the sale of a portfolio of six farms comprising 4,762 acres of farmland located in Arkansas for $19.0 million in aggregate consideration.

On October 16, 2024, the Company completed a sale with Farmland Reserve, Inc., a Utah nonprofit corporation (“Farmland Reserve”) pursuant to which the Company sold a portfolio of 46 farms comprising 41,554 acres of farmland located in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, North Carolina and South Carolina for an aggregate purchase price of $289.0 million in a single, all-cash transaction (the “Farmland Reserve Transaction”).

Repayments of Debt

In connection with the real estate dispositions described above, the Company used $189.4 million of the proceeds to repay debt with a weighted average interest rate of 5.77%.

Swap Agreement Amendment

As a result of the reduction in debt on our Rabobank Mortgage Note, the Company amended its existing swap agreement on October 17, 2024 to adjust the total notional amount of the Company’s receive-variable/pay-fixed interest rate swap from $33.2 million to $11.8 million. No other terms of the existing swap agreement were amended.

Issuance of Loan under the FPI Loan Program

On October 29, 2024, the Company entered into a loan agreement under the FPI Loan Program for approximately $22.0 million with a former tenant and its affiliates. The loan is secured by first liens on agricultural properties owned by the former tenant and its affiliates and matures on November 15, 2025.