Farmland Partners Inc. Announces Agreements for Acquisition Of Two Farms In Colorado, Total Of 1,400 Acres FOr ~$6M

Farmland Partners Inc.

(the "Company") today announced that it has entered into purchase agreements to acquire two farms in Colorado totaling approximately 1,400 acres for aggregate consideration of approximately $6 million in cash. The acquisitions are expected to close in 2014, and are subject to customary closing conditions. "The acquisition of the Dionisio farm in Pueblo County will mark our entry in vegetable farms. This sale and leaseback transaction with an experienced local grower and marketer is expected to provide a 7.5% cash rent and creates the potential for additional transactions with this operator in the future," said Paul Pittman, CEO of Farmland Partners Inc. "The acquisition of the Stonington farm will expand our presence in irrigated farmland in Baca County, giving us scale in the area and the potential to lower input costs for our tenants."