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Organization and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2025
Organization and Significant Accounting Policies |
Schedule of estimated useful lives of assets classified as improvements | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Years |
Grain facilities |  | 10 | - | 40 | ​
Irrigation improvements |  | 2 | - | 40 | ​
Drainage improvements |  | 20 | - | 65 | ​
Groundwater |  | 3 | - | 50 | ​
Permanent plantings | ​ | 13 | - | 40 | ​
Other |  | 5 | - | 40 | ​
Schedule of Inventory | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ ​ ​ | December 31, 2025 | ​ ​ ​ | December 31, 2024
Harvested crop | ​ | $ | 83 | ​ | $ | 414
Growing crop | ​ | ​ | 2,233 | ​ | ​ | 2,245
​ | ​ | $ | 2,316 | ​ | $ | 2,659
Schedule of reconciliation of net income (loss) to AFFO and AFFO per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
(in thousands except per share amounts) | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Net income | ​ | $ | 32,172 | ​ | $ | 61,450
(Gain) on disposition of assets, net | ​ | ​ | (35,864) | ​ | ​ | (54,148)
Depreciation, depletion and amortization | ​ |  | 4,168 | ​ | ​ | 5,588
Impairment of assets | ​ |  | 17,821 | ​ | ​ | 790
FFO (1) | ​ | $ | 18,297 | ​ | $ | 13,680
​ | ​ | ​ | ​ | ​ | ​ | ​
Stock-based compensation | ​ |  | 2,156 | ​ | ​ | 1,963
Real estate related acquisition and due diligence costs | ​ | ​ | 2 | ​ | ​ | 28
Distributions on Series A Preferred Units | ​ | ​ | (2,583) | ​ | ​ | (2,970)
Severance expense | ​ | ​ | — | ​ | ​ | 1,373
AFFO (1) | ​ | $ | 17,872 | ​ | $ | 14,074
​ | ​ | ​ | ​ | ​ | ​ | ​
AFFO per diluted weighted average share data: | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
AFFO weighted average common shares | ​ |  | 45,537 | ​ |  | 49,127
​ | ​ | ​ | ​ | ​ | ​ | ​
Net income available to common stockholders of Farmland Partners Inc. | ​ | $ | 0.65 | ​ | $ | 1.19
Income available to redeemable non-controlling interest and non-controlling interest in operating partnership | ​ | ​ | 0.06 |  |  | 0.07
Depreciation, depletion and amortization | ​ |  | 0.09 | ​ |  | 0.11
Impairment of assets | ​ |  | 0.39 | ​ |  | 0.02
Stock-based compensation | ​ |  | 0.05 | ​ |  | 0.04
(Gain) on disposition of assets, net | ​ | ​ | (0.79) | ​ | ​ | (1.10)
Distributions on Series A Preferred Units | ​ |  | (0.06) | ​ | ​ | (0.07)
Severance expense | ​ | ​ | 0.00 | ​ | ​ | 0.03
AFFO per diluted weighted average share (1) | ​ | $ | 0.39 | ​ | $ | 0.29
(1) The year ended December 31, 2025 included approximately $1.0 million of income as a result of a solar lease arrangement with a tenant. The year ended December 31, 2024 includes approximately $1.2 million of income from forfeited deposits due to the termination of a repurchase agreement.

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