Business Context and Reporting Period
This Form 8-K was filed by Farmland Partners Inc. on April 20, 2018. The report serves as a Regulation FD disclosure to provide financial information regarding the previously consummated merger with American Farmland Company (AFCO) and its operating partnership. The transaction, completed on February 2, 2017, involved the merger of AFCO into a wholly-owned subsidiary of Farmland Partners Inc.
Key Financial Metrics
This filing does not contain current revenue, profit, cash flow, margin, debt, or liquidity metrics for Farmland Partners Inc. for the period ending April 20, 2018. Instead, it references attached exhibits containing:
- Audited consolidated financial statements of AFCO for the years ended December 31, 2016, and 2015.
- Unaudited pro forma combined statement of operations for Farmland Partners Inc. for the year ended December 31, 2017, adjusted as if the merger occurred on December 31, 2016.
Specific numerical values for these metrics are not present in the text of this filing.
Material Changes
The primary material event referenced is the completion of the merger with AFCO on February 2, 2017. This filing updates the public record to incorporate the financial statements of the acquired entity and pro forma data into future registration statements under the Securities Act of 1933.
Guidance, Outlook, and Risks
The filing does not provide management commentary, forward-looking guidance, or specific risk factors. The stated purpose is strictly to satisfy disclosure obligations for incorporating historical and pro forma financial data into upcoming registration statements. The company is identified as an emerging growth company that has elected not to use the extended transition period for complying with new or revised financial accounting standards.
Investor Verification Checklist
- Review Exhibit 99.1 for the audited financial statements of American Farmland Company for 2015 and 2016.
- Review Exhibit 99.2 for the unaudited pro forma combined statement of operations for Farmland Partners Inc. for the year ended December 31, 2017.
- Verify the details of the merger agreement consummated on February 2, 2017, in prior filings.
- Confirm the company's status as an emerging growth company and its election regarding accounting standard transition periods.