Farmland Partners : 2021 Land Investment Expo presentation

Farm Value Trends

How High Could Prices Go?

Paul Pittman, Chief Executive Officer

Farmland Partners Inc.

January 2021 Des Moines, Iowa

Land Value Trends

Disclaimer

Forward Looking Statements

Farmland Partners Inc. (the "Company") is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 154,500 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

This presentation includes "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements with respect to the return of farmland values, crop prices and crop yields. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance. Any forward-looking information presented herein is made only as of the date of this presentation, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

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Land Value Trends

Introduction

Des Moines, Iowa	January 12th, 2021

Paul Pittman

Chief Executive Officer

30 years experience as an investment banker, farmland investor and operator

Select Career Highlights Prior to FPI

• Began investing in farmland in the mid-90s
• Built a privately held portfolio of over 30 farms, comprising over 7,000 acres (approximately $100 million) o Most of these properties formed FPI's initial IPO portfolio
• Served as Chief Executive Officer since the initial public offering in April 2014

Contact: [e-mail]

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Land Value Trends

About Farmland Partners

Farmland Partners Inc. is an internally managed, publicly traded (NYSE: FPI) real estate company that owns and seeks to acquire high-quality farmland throughout North America

• Largest Publicly Traded Farmland REIT in US

1. Over 150,000 acres between 340 farms across 16 states, over 100 tenants o Approximately $1.1B in assets
   o Annual revenues of approximately $50M

Stars indicate FPI offices

4 Circles indicate FPI farms and cost basis