Farmland Partners Inc. Announces Appointment of EKS&H LLLP as Company's Accounting Firm

DENVER, March 12, 2018 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced the appointment of EKS&H LLLP ("EKS&H") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2018.

EKS&H replaces PricewaterhouseCoopers LLP ("PwC"), previously the independent auditor for the Company. The appointment of EKS&H has been approved by the Company's Audit Committee.

The decision to change auditors was not the result of any disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The appointment of EKS&H will allow the Company to maintain a top quality auditor while achieving its objective of reducing costs.

"PwC has been instrumental in the Company's growth since preparations for our initial public offering," said Paul A. Pittman, the Company's CEO. "As we were pioneering a new asset class in the public markets, they were able to give our shareholders confidence that our accounting practices were appropriate for our business while remaining fully compliant with applicable regulations."

"The PwC teams that we have worked with over the years have been outstanding, and we look forward to continue working with the firm on non-audit matters," said Luca Fabbri, the Company's CFO. "EKS&H is a regional leader in the auditing industry with a significant track record with public companies, even larger and more complex than ours. We are confident that they will provide a comparable service to the company and our shareholders as a 'Big 4' auditing firm, but at a significantly lower cost."

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, the Company owns or has under contract over 166,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia. We have approximately 30 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.

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SOURCE Farmland Partners Inc.