It can be bought at the FarmVille Market under Farm Aides for $30,000 FarmVille Coins. It can be sold for $1,500 Coins. Buying it gives you 300 XP.
As you can see, it is slightly bigger than the avatar and is about the size of 4 plots.
Read here on how to get your Biplane and what the Biplane can do and how much it will cost you to do it a 2nd time (1st flight is free!)
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