Farmland Partners Series B 6% Participating Preferred Stock

By: Tim McPartland, August 16, 2017

Date Issued 8/10/2017

Shares Issued 5,250,000 Overallotment Shares 787,500

S&P Rating NR Moodys Rating NR

Security Ticker Symbol FPI-B OTC Grey Market Ticker FPRRP

Market Traded ON NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 9/30/2017.

Quarterly Dividend .375 Annual Dividend 1.50

In addition to the 6% coupon these shares participate in farmland value increases – please see prospectus for details.

Securities may be redeemed, at the issuers option, as early as 09/30/2021 the call price is $25 plus accrued dividends

A penalty coupon of 10% will start 9/30/2024 if not redeemed by that time.

Dividend Payment NOT will be Qualified Distributions (Preferred stock distributions from REITS are not qualified distributions.

Maturity Date None