you, Thank James.
mostly a very us, our but spend, P&L. assets, noted to that's And through is revenue a directly this to as So year-over-year the was from due quarter quarter, litigation the we but modestly sales. release, frustrating, still down we longer asset our our no get in revenue those press for of manage, for but strong continued many continue
coming economy. The occurred conversion of for the the quarter. the the results the consistent year-over-year. most of only days in probably the was would of farm after and -- quarter, we with That's adjusted conversion what AFFO Series quarter expect That substantially financial improving enhance company the few Series improved the event important B B. that with litigation, a will the
and, is appreciation remain therefore, XXXX we best is and probably strong. incredibly X. The since Farmland for and at my have opinion, the the for farm This Farmland farmer least economy will macro XXXX. seen In profits possibly strong environment another and values year
such are are in $XX.XX. for to Even in nearly XXXX a December you prices XXXX -- is they are of we're can strong sophisticated $X.XX, This a means market XXXX the soybeans that the several a to November and today December have as our addition likely at excess XXXX, sold for crop at crop continued tenants, least farmers whole $X $XX corn and in the crop is XXXX, corn on that can bushel, prices. out and that the this the for be to that soybeans rolling means price What at appreciation land years. futures bushel. and farmers year available see XXXX not year next values only
has that recently Midwest reported XX% Chicago values XX%. Fed up land are The to
that the active that and likely are to year-over-year continue believe is we neighborhood up and the by very it. XX%. in Fed its than we more land view The of so balance most publish we're in, as Illinois even point What of markets very, already looking Illinois, up data I have The the and that. collects in way probably bit time a backward they they in the said, be in farmers farm strong Our is values dated are in sheets, little something seen income are particular, strong. of is to
beginning the probably XXXXs. of environments. an continues Farmland market The sort macro for same of to that result we see inflation seen think XXXXs, haven't since Farmland occur well the Farmland are, the dramatically. is that does inflationary last that as point In appreciated environment in early want to that, we the and incredibly XXXXs in I time. We this And will inflationary investment view, my make an that we're of today effects entering
strong. at this XX% plus, all where to economy rolls our we is pipeline portion rent need we level, strong leases of up of the renew our this our to has year. the lease The the row acquisition about that we farm point, Bringing to renewed back for renewals, crop portfolio, this this led on XX% -- and have company are
give Missouri. have As before seen state see this will that first diversification our was happy Missouri. in at about putting year-end. a more farm portfolio. in you to yield, a a we acquisitions transaction us an transaction may we We're X% morning, through this current will in the and announced we've done acquired price That That's add additional
our a approximately of We program when the this and to have X%. couple loans, lenders helps We've expand to This months. business. look over program made liquidity yield last a several now continuing current traditional loan which farmers cannot, we with of modest-sized reinvigorated forward have
program have I we the why appreciation analyst in community, in the return with operating loan some and is devoting this by we an is term, assets modest, a challenges the comes appreciation is been capital probably with happy And the farms like return? in company more when to past that long that looks of on yield the to X% to strong. total the have to a are that current that asked own one down XX% on answer really only fact over our the the we XX%
our loan anticorporate a increased of in sense AFFO and makes we like rules program this the we are in reasons X% investors reasons. the ownership to of or target to such But specific where actually as current program loan But would land other participate meet us for with dividends in yield states some sense blend power other that can't loan rest, buy in program is yield. the helping of this on and mind. through sort higher-yielding expectations the properties There
of the Turning of is the of in that We with appreciation to $XX a and shares -- almost every number outstanding, to believe share which NAV the focus conversion $XX even quarter. all the Farmland around per we're moment per I increase assets our our with that the on NAV, seeing, share. today
you. final to is us frustrating -- The a probably is know, are X just spend you to And on comment regarding as This X there it cases. litigations. continued the the separate litigation as
to business at Fortunae's merits. admission, ultimately pursuing Rota in paid that merits confident it's hedge the successful thing. will admission, choose on can we in made not stop masterminded, if makes is our point out get and admission believe good damning RF decision that against They us not the of to was the trying course, the case. to the We this to RF's very opinion, Texas plus they have their a other in on fund, effort. to we a And whole be win we case thing continue. any we when of The so, incredibly a We of up who decide case, discovery, position basis. are get That will jurisdictional the do the entire the time he
if class unfortunately, I is case, case. They was plaintiffs would admitted this that he action any think elements fact, true, paid that was We system, in Fortunae, not that earlier, and that. in hedge would do after most said the legal and he, the The hopeful we are, there of publish as councils admission fairness where article fund article different. never our gone. would -- were false the can't But that the of Rota by this were key dropped case. that a their have the be and of to One did stop was already
independent So no statements made. litigation to we claims Rota nature without the the and unfortunately the of class on of but reputation against its and we the decision hope expensive and behind expense close continue happens of we to for quarter these don't X, claims. in case that is us out the are and so despite we action with on defend news it We or frivolous merit fight ourselves ultimately But faced continuing The have we are and can merits. get to said, The choice fundamentally piggyback the think our put all. resolved as Fortunae stuck good that, seeing to are this we to once that it. I next
few this time. to turn a Luca. I'm that, going over With at to to Go comments Luca make ahead, it
