Source: WATAUGA DEMOCRAT, 9/1/21

Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that Promised Land Opportunity Zone Farms I, LLC ("OZ Fund") recently closed a $29 million investment in a high-quality farm in eastern North Carolina.  Including improvement projects, the portfolio now approximates $53 million.  The North Carolina farm was purchased from a third-party seller and expands the OZ Fund's portfolio to approximately 8,300 acres across four states. "The OZ Fund continues to scale and FPI is pursuing additional asset management opportunities," commented Paul Pittman, the Company's Chairman and CEO.  

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