Source: David Randall, REUTERS, 5/6/18

The threat of steep tariffs on soybeans, wheat and corn from an escalating U.S.-China trade dispute may decide the survivor among the two largest real estate funds in the hard-hit U.S. farm sector. Farmland Partners Inc (FPI.N), a $251 million market cap real estate investment trust that owns more than 166,000 acres of farmland, appears to be more vulnerable to the effects of a trade war than its largest publicly traded competitor, $186 million market cap Gladstone Land Corp (LAND.O).

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