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FARMLAND PARTNERS, PRUDENTIAL ANNOUNCE TERMINATION OF MANAGEMENT AGREEMENT
Source: Farmland Partners news release

Farmland Partners Inc. ("FPI" or the "Company") (NYSE: FPI) and Prudential announced today that they have mutually agreed to terminate the Sub-Advisory and asset management agreements under which Prudential has provided services to the properties formerly owned by American Farmland Company. American Farmland Company merged into FPI on February 2, 2017. FPI and Prudential will work through March 31, 2017 to transition all management activities at which time the agreements will terminate.

Paul Pittman, Chairman and CEO of Farmland Partners said, "We appreciate Prudential's work assembling a portfolio of high-quality farms and farmers. We look forward to working with the team at Prudential in other capacities going forward."

About Farmland Partners Inc.

Farmland Partners Inc. 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, FPI owns or has under contract over 144,000 acres in Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas and Virginia. FPI 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.


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