Farmland Partners (FPI) has become substantially mispriced as its market price dropped while farmland values continued to increase. Using conservative estimates, we calculate FPI’s asset value between $13-$20 per share. Our methodology will be thoroughly detailed below along with a broader discussion of farmland fundamentals. Stock price moving against asset values FPI’s stock has had a rough year, down about 22%. SAHowever, fundamentals tell a different story. AFFO per share guidance has been increased re ...