Global Alpha reports 3.5% Farmland Partners (NYSE: FPI) stake

Rhea-AI Filing Summary

Farmland Partners Inc. received an amended Schedule 13G/A from Global Alpha Capital Management Ltd., disclosing Global Alpha as a beneficial owner of this class of securities. Global Alpha reports beneficial ownership of 1,496,785 shares, representing 3.5% of the class as of the reported date.

Global Alpha states sole power to vote 1,094,329 shares and sole power to dispose of 1,496,785 shares, with no shared voting or dispositive power. The firm certifies the holdings were acquired and are held in the ordinary course of business, not to change or influence control of Farmland Partners, and indicates it does not consider itself part of a group for Section 13(d) purposes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Farmland Partners Inc.

(Name of Issuer)

COM

(Title of Class of Securities)

31154R109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31154R109

1

Names of Reporting Persons

Global Alpha Capital Management Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

QUEBEC, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,094,329.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,496,785.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,496,785.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Farmland Partners Inc.
(b)	Address of issuer's principal executive offices: 4600 South Syracuse Street; Suite 1450, Denver, US-CO, 80237, US
Item 2.
(a)	Name of person filing: Global Alpha Capital Management Ltd.
(b)	Address or principal business office or, if none, residence: 1800 McGill College Ave Suite 1300, Montreal, H3A 3J6, Quebec, Canada
(c)	Citizenship: QUEBEC, CANADA
(d)	Title of class of securities: COM
(e)	CUSIP No.: 31154R109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,496,785
(b)	Percent of class: 3.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,094,329
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,496,785
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Global Alpha Capital Management Ltd. ("Company") is of the view that it and the investment companies and other accounts that it manages are not acting as a "group" for the purposes of section 13(d) under the Act and that it and such investment companies and accounts are not otherwise required to attribute to each other the "beneficial ownership" of securities "beneficially owned" under Rule 13D-3 promulgated under the 1934 Act. Therefore, it is of the view that the shares held by the Company and such investment companies and accounts should not be aggregated for purposes of section 13(d). After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Global Alpha Capital Management Ltd.

Signature:	Adam Gartland
Name/Title:	Head of Portfolio Compliance
Date:	02/09/2026

FAQ

What stake does Global Alpha hold in Farmland Partners Inc. (FPI)?

Global Alpha Capital Management Ltd. reports beneficial ownership of 1,496,785 Farmland Partners Inc. shares, representing 3.5% of the class. This ownership is disclosed in an amended Schedule 13G/A as of the stated event date, indicating a significant but minority passive position.

How many Farmland Partners shares can Global Alpha vote and dispose of?

Global Alpha reports sole voting power over 1,094,329 Farmland Partners shares and sole dispositive power over 1,496,785 shares. It reports zero shared voting and zero shared dispositive power, meaning decisions to vote and sell these shares rest solely with Global Alpha under this disclosure.

Does Global Alpha intend to influence control of Farmland Partners Inc.?

Global Alpha certifies the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Farmland Partners. It also states the holdings are not in connection with any transaction having that control-related purpose or effect under Section 13(d).

Why did Global Alpha file an amended Schedule 13G/A for FPI?

The amended Schedule 13G/A updates Global Alpha’s beneficial ownership information in Farmland Partners Inc. It reports 1,496,785 shares, or 3.5% of the class, along with current voting and dispositive powers and certifications that the position is held on a passive, ordinary-course investment basis.

Is Global Alpha acting as part of a group regarding FPI shares?

Global Alpha states it and the investment companies and accounts it manages are not acting as a “group” for Section 13(d) purposes. It is of the view that their respective shareholdings should not be aggregated as a single beneficial owner under the applicable SEC rules.

What does “ownership of 5 percent or less of a class” indicate here for FPI?

The filing marks ownership of 5 percent or less of the class, with Global Alpha reporting a 3.5% stake. This confirms its beneficial ownership is below the 5% threshold, while still requiring disclosure under the applicable Schedule 13G beneficial ownership reporting framework.