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Farmland Partners reports:

Denver - Farmland Partners Inc. (NYSE:FPI) (the "Company") announced today the closing of new loans under the FPI Loan Program. This agricultural lending product allows farmers with qualifying collateral to generate liquidity from land equity that is often tied up because of traditional lending practices.

The Company expects the farmer borrowers to use the proceeds of the loan for a variety of purposes, including, but not limited to, expanding their farms, improving their working capital position, and supporting intergenerational transitions. The FPI Loan Program will continue to complement the Company's current business of acquiring farmland and leasing it to farmers. Under the FPI Loan Program, the Company is targeting the origination of loans ranging from $500,000 to approximately $10 million dollars.

The Company leverages its existing infrastructure to quickly underwrite loans to meet borrowers' funding needs on a timely basis.

The Company closed $1.6 million of loans to a major High Plains farm and ranch operator in late July. The loans are due in 2023 with a loan-to-value ratio of approximately 75%. The use of proceeds is to expand the farming operation through the purchase of nearby farmland.

"We are pleased to assist this Colorado farm family to expand their operation by purchasing additional land from other extended family members," said Paul Pittman, CEO of the Company.

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