Business Context and Reporting Period
Company: Farmland Partners Inc. (FPI)
Filing Type: Form 8-K (Current Report)
Date of Report: February 25, 2025
Reporting Period: This filing addresses a specific corporate governance event occurring on February 25, 2025, regarding the selection of an independent registered public accounting firm for the fiscal year ending December 31, 2025.
Key Financial Metrics
This Form 8-K filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing discloses a material change in the Company's certifying accountant:
- Dismissal: Plante & Moran, PLLC was dismissed as the independent registered public accounting firm effective February 25, 2025.
- Engagement: Crowe LLP was engaged as the new independent registered public accounting firm effective February 25, 2025.
- Audit History: The audit reports issued by Plante & Moran for the fiscal years ended December 31, 2024, and 2023 were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The Company reported no "disagreements" or "reportable events" with Plante & Moran during the fiscal years 2023 and 2024 or the subsequent interim period.
Guidance, Outlook, and Risks
Management Commentary: The Audit Committee conducted an evaluation process during late 2024 and early 2025 to select the new auditor. The transition was executed without reported conflict regarding accounting principles or financial statement disclosures.
Consultations with New Auditor: The Company confirmed that neither it nor anyone on its behalf consulted with Crowe LLP regarding accounting principles, audit opinions, or matters involving disagreements or reportable events prior to the engagement date.
Risks and Contingencies: No specific financial risks or contingencies are detailed in this filing beyond the standard disclosure of the auditor change.
Investor Verification Checklist
- Verify the effective date of the auditor transition (February 25, 2025) and the identity of the new firm (Crowe LLP).
- Review the attached letter from Plante & Moran (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the dismissal.
- Confirm that no undisclosed disagreements or reportable events occurred during the tenure of the previous auditor.
- Monitor future filings (e.g., 10-K or 10-Q) for the first financial statements audited by Crowe LLP.