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The NYSE-listed REIT has raised $15m from a 10-year bond issued under its $150m secured note purchase facility with Farmer Mac.
The Continental Grain Co subsidiary is planning to raise $100m, according to SEC filings.
The private farmland real estate investment trust is set to announce plans for an IPO in two weeks.
The farmland REIT has bought farmland in Nebraska and Colorado for a combination of cash, REIT shares and limited partnership units.
The VC-backed agtech firm has hired Thomas O’Neil as chief financial officer.
The farmland REIT has entered into a lease with existing operator Wish Farms.
Rural Funds Group, the ASX-listed farmland REIT, raised the capital through a placement with new and existing investors. It also launched a $7.5m entitlement offer for existing investors.
The listed Australian farmland REIT has entered into a 22-year lease with Olam Orchards, on land it is converting from grazing and cotton.
Greenshields Agri, an owner-operator of farmland in the northern grain belt of England, has applied for a listing on AIM and wants to raise £3m at IPO.
The NYSE-listed REIT released its annual earnings report last week detailing a net loss of $671,300. Nasdaq-listed peer Gladstone Land reported a net loss of $125,000 on the year.

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