Page 1

Exhibit 99.1 Farmland Partners Inc. Reports Second Quarter 2021 Results DENVER , Aug. 4 , 2021 / PRNewswire / -- Farmland Partners Inc. ( NYSE : FPI ) ( " FPI " or the " Company " ) today reported financial results for the three and six months ended June 30 , 2021 . Selected 2021 Highlights During the six months ended June 30 , 2021 , the Company : 1 • • • • • experienced strong farmland values with accelerating appreciation , especially in row crop regions ; showed substantial increases in lease renewal rates so far , reflecting increased farmer profitability ; recorded net income of $ ( 0.4 ) million , $ 4.2 million excluding litigation - related items¹ , compared to $ 0.6 million , $ 1.4 million excluding litigation related items² for the same period in 2020 ; recorded AFFO of $ ( 5.3 ) million , $ ( 0.6 ) million excluding litigation - related items¹ , compared to $ ( 1.8 ) million , $ ( 1.0 ) million excluding litigation related items² for the same period in 2020 ; completed four acquisitions , for total consideration of $ 29.9 million ; completed fifteen property dispositions , for total consideration of $ 28.3 million and total gain on sale of $ 3.5 million ; retained property management for ten out of fifteen disposed properties , growing the off - balance sheet asset management business to $ 21.5 million of AUM ; sold 1,954,293 shares of common stock at an average price of $ 13.11 for aggregate net proceeds of $ 25.4 million under the ATM Program ; and reached settlement with Quinton Mathews regarding the falsity of claims that were used to launch the " short and distort " scheme targeting FPI , its management , and its stockholders ( FPI press release ) . For the six months ended June 30 , 2021 , legal and accounting expense included $ 5.2 million related to litigation and revenue included $ 0.6 million of litigation settlement proceeds related to Rota Fortunae , resulting in a net impact of $ 4.6 million . 2 For the six months ended June 30 , 2020 , legal and accounting expense included $ 0.8 million related to litigation . CEO Comments Paul A. Pittman , Chairman and CEO , said : " This was a solid quarter for FPI , but for the litigation expense . The demand - driven bull market in commodities continues to drive a strong profit outlook for farmers , which , in turn , are generating positive momentum in land values and lease renewal rates . Specialty crop performance is on track to exceed 2020 , especially in citrus . " Macro Comments Farmers , particularly in the row crop sector , are experiencing strong financial recovery driven by increased exports to China and production problems in many other parts of the world . • • Food Security : According to the Food and Agriculture Organization of the UN report released in July , global hunger and food insecurity were exacerbated in 2020 due to the COVID - 19 pandemic . It is estimated that between 720 and 811 million people faced hunger in 2020 and 2.37 billion people faced food insecurity in 2020. This serves as a reminder of the important work that US farmers perform in providing stable food supply to meet steadily growing demand . Commodity Demand : The United States corn export projection for the 2020/2021 marketing year remains at an all - time high , resulting in an almost 40 % share in global corn trade . Corn prices for 2021/2022 marketing year are projected to be $ 5.60 / bu - a 27 % increase over prices for the 2020/2021 marketing year , driven by strong exports and tight supplies . Soybean prices for the 2021/2022 marketing year are projected to be $ 13.70 / bu ― a 24 % increase over prices for the 2020/2021 marketing year , driven by low inventory levels .