Farmland Partners Inc. Announces Pricing of a 10-Year $14.9 Million Bond Under Farmer Mac Facility

DENVER, April 1, 2015 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced the issuance of a $14.9 million, 10-year, interest-only bond with a fixed interest rate of 3.69%. The bond will be issued under the Company's $150 million secured note purchase facility (the "Farmer Mac Facility") with the Federal Agricultural Mortgage Corporation (NYSE: AGM and AGM.A) ("Farmer Mac"), bringing the total principal amount outstanding under the Farmer Mac Facility to $96.0 million.

"This 10-year bond will begin to extend the average maturity of our debt and provide us with capital for additional acquisitions," said Paul Pittman, CEO of Farmland Partners Inc.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio, including 19,093 acres under contract, is comprised of 107 farms with an aggregate of 68,439 acres in Illinois, Nebraska, Colorado, Arkansas, Louisiana, Mississippi, South Carolina, North Carolina and Virginia. The Company intends to elect and qualify 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.

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SOURCE Farmland Partners Inc.