Farmland Partners Inc.

Schedule III – Real Estate and Accumulated Depreciation

December 31, 2019

($ In Thousands)


		Initial Cost to Company			Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at Close of Period						Life on Which
Description	Encumbrances	Land	Improvements	Total	Improvements	Land Improvements	Land	Improvements	Total	Accumulated Depreciation	Date of Construction	Date Acquired	Depreciation in Latest Income Statements is Computed

California	(m)	44,994	-	44,994	-	-	44,994	-	44,994	-		2017	-
North Carolina	(d)	41,906	-	41,906	5	578	42,484	5	42,489	0		2015	-
California	(m)	33,482	-	33,482	-	-	33,482	-	33,482	-		2017	-
Illinois	(k)	29,627	431	30,058	2,267	50	29,677	2,699	32,376	236	2017, 2018	2017	14
Louisiana	(g)	30,584	1,180	31,764	181	254	30,838	1,361	32,199	174	2018, 2019	2016	30
California	(m)	31,567	-	31,567	-	-	31,567	-	31,567	-		2017	-
California	(p), (s)	19,925	11,521	31,445	(561)	-	19,925	10,960	30,884	2,816	2017	2017	12
Illinois	(k)	22,937	1,484	24,421	1,301	(11)	22,926	2,786	25,711	221	2017, 2018, 2019	2017	23
South Carolina	(t)	12,057	1,474	13,531	5,840	53	12,110	7,314	19,424	626	2014, 2017, 2018, 2019	2014	24
California	(r)	7,647	11,518	19,164	207	-	7,647	11,725	19,371	1,409	2017, 2018	2017	20
California	(s)	9,998	8,116	18,114	-	-	9,998	8,116	18,114	1,597	2017	2017	14
California	(s)	10,947	6,878	17,825	64	-	10,947	6,942	17,889	1,167	2017	2017	21
North Carolina	(v)	17,627	-	17,627	-	0	17,627	-	17,627	-	2018	2018	-
South Carolina	(l)	14,866	906	15,772	239	-	14,866	1,145	16,011	110	2017, 2018	2017	29
California	(s)	11,888	3,398	15,286	(58)	-	11,888	3,340	15,228	715	2017	2017	15
Florida	(a)	9,295	202	9,497	2,212	3,036	12,331	2,414	14,745	94	2016, 2017, 2019	2016	38
Illinois	(f)	9,689	420	10,109	(5)	4,497	14,186	415	14,601	70	2016, 2017, 2018	2016	21
California	(q)	8,326	6,075	14,401	41	-	8,326	6,117	14,443	657	2017, 2018, 2019	2017	25
California	(p)	9,043	4,546	13,589	2	-	9,043	4,549	13,592	803	2017, 2018	2017	17
California	(q), (s)	10,167	2,902	13,069	421	-	10,167	3,323	13,490	725	2017	2017	13
California	(p)	7,492	2,889	10,380	434	-	7,492	3,322	10,814	636	2017, 2019	2017	12
Colorado	(t)	10,716	70	10,786	-	(0)	10,716	70	10,786	5	2014	2014	39
California	(r)	9,534	263	9,796	2	-	9,534	265	9,799	76	2017	2017	14
California	(s)	6,191	2,772	8,963	-	-	6,191	2,772	8,963	488	2017	2017	11
South Carolina	(d)	8,633	133	8,766	130	5	8,638	263	8,901	26	2015, 2017	2015	25
California	(q)	4,710	3,317	8,027	-	-	4,710	3,317	8,027	415	2017	2017	15
Virginia	(d)	7,277	-	7,277	-	0	7,277	-	7,277	-		2015	-
Florida	(o)	6,402	593	6,995	269	-	6,402	862	7,264	152	2017, 2019	2017	12
Arkansas	(t)	6,914	287	7,201	22	16	6,930	309	7,239	39	2014, 2017, 2018	2014	24
North Carolina	(d)	7,239	-	7,239	-	(16)	7,223	-	7,223	-		2015	-
South Carolina	(t)	4,679	25	4,704	2,348	4	4,683	2,373	7,056	292	2017, 2016, 2015	2014	33
Mississippi	(t)	6,654	133	6,787	3	(0)	6,654	136	6,790	16	2014, 2015	2014	25
South Dakota	(l)	6,731	-	6,731	-	-	6,731	-	6,731	-		2017	-
Illinois	(f)	5,453	105	5,558	7	1,022	6,475	112	6,587	13	2016	2016	23
Georgia	(q)	3,574	2,922	6,496	46	-	3,574	2,968	6,542	1,417	2017, 2019	2017	11
Texas		4,188	1,929	6,117	343	(0)	4,188	2,272	6,460	311	2016, 2018	2016	27
Florida	(q)	2,674	3,565	6,239	-	-	2,674	3,565	6,239	702	2017	2017	12
Arkansas	(i)	5,924	244	6,168	0	(0)	5,924	244	6,168	37	2015	2015	21
North Carolina	(d)	5,750	-	5,750	-	4	5,754	-	5,754	-		2015	-
Arkansas	(o)	5,532	101	5,633	10	3	5,535	110	5,645	29	2017, 2019	2017	9
Illinois	(f)	6,086	-	6,086	450	(909)	5,177	450	5,627	22	2018	2016	40
Colorado	(j)	792	4,731	5,523	84	1	793	4,815	5,608	240	2016, 2017, 2019	2016	16
Mississippi	(i)	5,338	238	5,576	0	(0)	5,338	238	5,576	47	2015	2015	15
Colorado	(l)	4,156	1,280	5,436	(3)	-	4,156	1,277	5,433	146	2017	2017	26
Arkansas	(v)	5,169	185	5,354	-	-	5,169	185	5,354	39	2017	2017	15
Louisiana	(t)	5,100	52	5,152	154	(0)	5,100	206	5,306	37	2017, 2016, 2015	2014	17
Illinois	(f)	5,493	-	5,493	338	(801)	4,692	338	5,030	102	2017	2016	10
Arkansas	(t)	4,536	50	4,586	81	27	4,563	131	4,693	21	2014, 2017	2014	17
Illinois	(o)	4,575	-	4,575	-	-	4,575	-	4,575	-		2017	-
California	(v)	2,461	1,974	4,435	-	-	2,461	1,974	4,435	262	2017	2017	17
South Carolina	(t)	2,235	-	2,235	1,557	519	2,754	1,557	4,311	181	2017, 2016, 2015	2014	28
Arkansas	(j)	4,035	38	4,073	188	(0)	4,035	226	4,260	14	2016, 2017, 2018, 2019	2016	28
North Carolina	(d)	4,242	-	4,242	-	4	4,246	-	4,246	-		2015	-
Illinois	(f)	4,920	4	4,924	148	(1,025)	3,895	152	4,047	8	2017	2016	50
Colorado	(t)	3,566	359	3,925	67	0	3,566	426	3,992	45	2014, 2017, 2018	2014	21
North Carolina	(d)	3,864	-	3,864	-	8	3,872	-	3,872	-		2015	-
Illinois	(f)	4,350	-	4,350	-	(572)	3,778	-	3,778	-		2016	-
Illinois	(f)	3,821	-	3,821	-	(97)	3,724	-	3,724	-		2016	-
Georgia	(i)	3,306	368	3,674	18	(0)	3,306	386	3,692	51	2015, 2016, 2017, 2018	2015	22
Illinois	(h)	2,981	-	2,981	634	(0)	2,981	634	3,615	65	2017, 2009	2007 & 2010	38
Alabama	(q)	1,719	1,883	3,602	(7)	-	1,719	1,875	3,595	245	2017	2017	16
Illinois	(f)	3,186	-	3,186	-	407	3,593	-	3,593	-		2016	-
Illinois	(f)	4,522	4	4,526	(0)	(950)	3,572	4	3,576	1	2016	2016	10
Mississippi	(b)	3,471	41	3,512	63	(0)	3,471	104	3,575	9	2015, 2017	2015	34
Arkansas	(t)	3,277	145	3,422	44	27	3,304	189	3,493	27	2014, 2015, 2018, 2019	2014	21
Illinois	(f)	3,232	-	3,232	-	261	3,493	-	3,493	-		2016	-
Illinois	(h)	1,290	-	1,290	2,199	(0)	1,290	2,199	3,488	210	2017, 2015, 2011	2007	38
Nebraska	(t)	1,881	55	1,936	1,476	1	1,882	1,531	3,413	172	2017, 2015, 2012	2012	30
South Carolina	(b)	1,959	344	2,303	970	0	1,959	1,314	3,273	95	2017, 2015	2015	35
Illinois	(f)	3,500	28	3,528	361	(699)	2,801	389	3,190	23	2016, 2018	2016	15
Illinois	(o)	3,163	-	3,163	-	-	3,163	-	3,163	-		2017	-
Illinois	(f)	3,541	-	3,541	-	(478)	3,063	-	3,063	-		2016	-
Arkansas	(e)	2,808	184	2,992	58	7	2,815	242	3,057	44	2015, 2017, 2018	2015	18
Arkansas	(t)	2,985	156	3,141	8	(96)	2,889	164	3,053	35	2014, 2016	2014	16
Arkansas	(b)	3,264	165	3,429	191	(590)	2,674	356	3,030	58	2014, 2015, 2016, 2017	2014	27
South Carolina	(t)	2,199	138	2,337	665	22	2,221	803	3,024	64	2014, 2015, 2017, 2019	2014	30
Colorado	(t)	3,099	-	3,099	-	(133)	2,966	-	2,966	-		2014	-
Illinois	(f)	2,997	68	3,065	253	(388)	2,609	321	2,930	92	2018, 2016	2016	10
Illinois	(f)	3,470	-	3,470	4	(582)	2,888	4	2,891	1	2016	2016	12
Illinois	(f)	2,015	-	2,015	216	636	2,651	216	2,867	6	2016, 2019	2016	34
Nebraska	(c)	2,601	114	2,715	131	(0)	2,601	245	2,845	15	2015, 2016, 2018	2015	27
Illinois	(f)	2,882	42	2,924	(0)	(98)	2,784	42	2,826	9	2016	2016	12
Georgia	(l)	1,905	-	1,905	779	125	2,030	779	2,810	54	2017	2017	32
Illinois	(h)	2,573	-	2,573	236	(1)	2,572	236	2,809	14	2017	2010	50
North Carolina	(v)	2,768	-	2,768	-	0	2,768	-	2,768	-	2018	2018	-
Illinois	(f)	3,277	-	3,277	-	(517)	2,760	-	2,760	-		2016	-
Arkansas	(t)	2,645	40	2,685	42	21	2,666	82	2,748	6	2014, 2018, 2019	2014	10
Illinois	(f)	3,058	-	3,058	-	(353)	2,705	-	2,705	-		2016	-
California	(s)	967	1,357	2,324	375	-	967	1,732	2,699	244	2017, 2018	2017	16
Nebraska	(c)	2,539	78	2,617	(23)	0	2,539	55	2,594	8	2016	2015	20
Nebraska	(e)	693	1,785	2,478	90	(0)	693	1,875	2,567	168	2014, 2016, 2018, 2019	2014	19
Michigan	(i)	904	1,654	2,558	(0)	(0)	904	1,654	2,558	219	2015	2015	23
Colorado	(b)	1,995	84	2,079	466	(0)	1,995	550	2,545	83	2017, 2016	2015	18
Illinois	(l)	2,525	-	2,525	-	-	2,525	-	2,525	-		2017	-
Illinois	(f)	1,956	-	1,956	-	557	2,513	-	2,513	-		2016	-
Arkansas	(t)	2,262	82	2,344	4	96	2,358	86	2,444	9	2014, 2015	2014	27
Illinois	(f)	3,030	-	3,030	-	(600)	2,430	-	2,430	-		2016	-
Illinois	(f)	2,103	105	2,208	(0)	218	2,321	105	2,426	13	2016	2016	25
Nebraska	(c)	2,280	44	2,324	95	0	2,280	139	2,419	19	2017, 2016, 2015	2015	22
Illinois	(f)	1,945	-	1,945	-	473	2,418	-	2,418	-		2016	-
Illinois	(f)	2,718	-	2,718	-	(332)	2,386	-	2,386	-		2016	-
South Carolina	(l)	1,321	91	1,412	691	247	1,567	782	2,349	51	2017, 2018	2017	31
South Carolina	(v)	1,406	806	2,212	128	(0)	1,406	934	2,341	100	2017, 2018, 2019	2017	31
Mississippi		2,321	15	2,336	-	(1)	2,320	15	2,335	4	2016	2016	10
Colorado	(t)	2,328	-	2,328	-	(0)	2,328	-	2,328	-		2014	-
Illinois	(f)	2,075	-	2,075	-	252	2,327	-	2,327	-		2016	-
South Carolina	(t)	1,803	158	1,961	364	(0)	1,803	522	2,325	45	2014, 2015	2014	26
Arkansas	(t)	2,316	-	2,316	3	0	2,316	3	2,319	-		2014	-
Nebraska	(c)	2,316	126	2,442	(126)	(0)	2,316	-	2,316	-		2015	-
Illinois	(f)	3,212	-	3,212	95	(996)	2,216	95	2,311	5	2018	2016	40
Colorado		637	1,604	2,241	0	1	637	1,604	2,241	226	2017	2017	50
North Carolina	(v)	2,177	-	2,177	-	(0)	2,177	-	2,177	-	2018	2018	-
Illinois	(f)	1,614	94	1,708	(0)	456	2,070	94	2,163	12	2016	2016	23
Illinois	(f)	2,682	-	2,682	204	(725)	1,957	204	2,161	11	2017	2016	50
Illinois	(f)	2,423	-	2,423	-	(276)	2,147	-	2,147	-		2016	-
Illinois	(f)	1,769	-	1,769	-	371	2,140	-	2,140	-		2016	-
Colorado	(b)	1,365	663	2,028	101	0	1,365	764	2,129	61	2015	2015	21
Arkansas	(t)	2,014	96	2,110	0	(8)	2,006	96	2,102	16	2014	2014	21
Illinois	(f)	1,643	88	1,731	0	344	1,987	88	2,075	11	2016	2016	23
Colorado	(e)	1,301	699	2,000	70	(0)	1,301	769	2,070	53	2015, 2016, 2017, 2019	2015	24
South Carolina	(t)	1,568	-	1,568	433	64	1,632	433	2,065	37	2015, 2017, 2019	2014	30
Illinois	(h)	1,700	-	1,700	346	-	1,700	346	2,046	27	2017	2012	35
Illinois	(f)	2,402	-	2,402	-	(372)	2,030	-	2,030	-		2016	-
Colorado	(t)	1,817	210	2,027	1	(7)	1,810	211	2,021	52	2014, 2016	2014	14
South Carolina	(v)	1,090	-	1,090	776	144	1,234	776	2,011	30	2018, 2019	2018	40
Colorado	(j)	1,760	-	1,760	239	0	1,760	239	1,999	23	2017	2016	24
Illinois	(f)	1,996	-	1,996	-	(50)	1,946	-	1,946	-		2016	-
Illinois	(f)	1,972	-	1,972	-	(43)	1,929	-	1,929	-		2016	-
Illinois	(f)	2,542	-	2,542	-	(617)	1,925	-	1,925	-		2016	-
Illinois	(j)	1,905	-	1,905	-	(0)	1,905	-	1,905	-		2016	-
Colorado	(t)	1,079	812	1,891	(0)	0	1,079	812	1,891	54	2014	2014	31
Illinois	(f)	2,100	-	2,100	98	(309)	1,791	98	1,889	5	2018	2016	40
Illinois	(f)	1,590	-	1,590	-	280	1,870	-	1,870	-		2016	-
Illinois	(f)	1,891	-	1,891	-	(56)	1,835	-	1,835	-		2016	-
Illinois	(f)	1,603	-	1,603	-	228	1,831	-	1,831	-		2016	-
Illinois	(o)	1,825	-	1,825	-	(0)	1,825	-	1,825	-	2018	2018	-
North Carolina	(d)	1,770	-	1,770	-	0	1,770	-	1,770	-		2015	-
Illinois	(f)	1,256	-	1,256	-	511	1,767	-	1,767	-		2016	-
Illinois	(h)	1,750	-	1,750	-	-	1,750	-	1,750	-		2009	-
Illinois	(o)	1,735	-	1,735	-	-	1,735	-	1,735	-		2017	-
Nebraska	(t)	1,610	32	1,642	81	(2)	1,608	113	1,720	12	2014, 2015	2014	24
Nebraska	(t)	1,639	46	1,685	10	(2)	1,637	56	1,694	6	2014, 2015	2014	22
Colorado	(t)	1,305	376	1,681	10	(0)	1,305	386	1,691	107	2014, 2016	2014	16
Illinois	(f)	1,439	-	1,439	-	240	1,679	-	1,679	-		2016	-
Michigan	(i)	779	851	1,630	39	(0)	779	890	1,669	187	2016, 2019	2016	19
South Carolina		1,303	225	1,528	132	0	1,303	357	1,661	35	2016, 2017	2016	34
Illinois	(f)	1,859	-	1,859	-	(209)	1,650	-	1,650	-		2016	-
South Carolina	(t)	1,078	-	1,078	548	21	1,099	548	1,647	50	2015, 2017	2014	28
Colorado		1,622	-	1,622	-	-	1,622	-	1,622	-		2019	-
Nebraska	(c)	1,314	65	1,379	242	(0)	1,314	307	1,621	42	2015	2015	20
Nebraska	(t)	1,539	-	1,539	70	(1)	1,539	70	1,608	5	2015	2012	45
Illinois	(f)	1,718	-	1,718	-	(120)	1,598	-	1,598	-		2016	-
Nebraska	(b)	1,244	69	1,313	269	0	1,244	338	1,582	29	2014, 2015	2014	22
Georgia	(j)	1,330	72	1,402	180	(0)	1,330	252	1,581	17	2016, 2019	2016	18
Illinois	(h)	1,423	60	1,483	68	-	1,423	128	1,551	20	2013	2007	27
Illinois	(f)	1,130	35	1,165	(0)	379	1,509	35	1,544	6	2016	2016	23
Illinois	(f)	729	-	729	-	815	1,544	-	1,544	-		2016	-
Illinois	(f)	1,853	-	1,853	-	(313)	1,540	-	1,540	-		2016	-
Colorado	(t)	1,353	184	1,537	0	(0)	1,353	184	1,537	67	2014	2014	9
Illinois	(t)	1,500	-	1,500	26	-	1,500	26	1,526	2	2015	2008	50
Kansas	(i)	1,915	-	1,915	-	(395)	1,520	-	1,520	-		2015	-
Illinois	(f)	1,693	-	1,693	109	(317)	1,376	109	1,485	6	2017	2016	50
Illinois	(o)	1,471	-	1,471	-	(0)	1,471	-	1,471	-	2018	2018	-
Illinois	(f)	1,115	28	1,143	9	318	1,433	37	1,470	6	2016, 2018	2016	23
Mississippi	(e)	1,437	33	1,470	(0)	(0)	1,437	33	1,470	2	2015, 2017	2015	29
Illinois	(f)	1,620	-	1,620	-	(167)	1,453	-	1,453	-		2016	-
Illinois	(f)	1,063	27	1,090	0	348	1,411	27	1,438	7	2016	2016	22
Illinois	(f)	1,675	4	1,679	(4)	(244)	1,431	-	1,431	-	2016	2016	-
Illinois	(f)	1,083	-	1,083	-	336	1,419	-	1,419	-		2016	-
Illinois		1,403	-	1,403	-	-	1,403	-	1,403	-		2019	-
South Carolina	(l)	1,032	170	1,203	183	13	1,045	353	1,398	37	2017, 2018	2017	31
Nebraska	(b)	1,100	28	1,128	248	0	1,100	276	1,376	16	2014, 2015, 2018	2014	18
Illinois	(f)	1,523	-	1,523	126	(277)	1,246	126	1,372	7	2017	2016	50
Nebraska	(v)	1,149	-	1,149	202	(0)	1,149	202	1,350	11	2018	2018	40
Nebraska	(c)	1,346	34	1,380	(34)	0	1,346	-	1,346	-		2015	-
Illinois	(f)	1,254	-	1,254	-	83	1,337	-	1,337	-		2016	-
Nebraska	(i)	1,232	56	1,288	(0)	31	1,263	56	1,319	6	2015	2015	24
Illinois	(f)	1,126	44	1,170	0	146	1,272	44	1,316	4	2016	2016	31
Nebraska	(c)	1,279	23	1,302	6	0	1,279	29	1,308	6	2015, 2017	2015	12
Colorado	(t)	1,238	-	1,238	-	45	1,283	-	1,283	-		2014	-
Nebraska	(c)	1,242	37	1,279	(5)	(0)	1,242	32	1,273	4	2015	2015	23
Illinois	(b)	1,120	-	1,120	138	-	1,120	138	1,258	8	2016	2008	50
Colorado	(t)	1,030	170	1,200	31	0	1,030	201	1,231	86	2014, 2016, 2017	2014	11
Illinois	(f)	1,435	-	1,435	-	(204)	1,231	-	1,231	-		2016	-
Illinois	(f)	1,481	-	1,481	-	(254)	1,227	-	1,227	-		2016	-
Illinois	(f)	1,731	-	1,731	-	(515)	1,216	-	1,216	-		2016	-
Illinois	(t)	1,147	-	1,147	60	0	1,147	60	1,207	4	2016	2013	50
Illinois	(h)	1,003	-	1,003	198	(0)	1,003	198	1,201	4	2015, 2017	2008	45
Illinois	(f)	844	-	844	112	242	1,086	112	1,198	0		2016	-
Illinois	(f)	1,219	-	1,219	-	(23)	1,196	-	1,196	-		2016	-
Nebraska	(c)	1,077	33	1,110	80	(0)	1,077	113	1,189	5	2015	2015	28
Colorado	(t)	579	513	1,092	18	65	644	531	1,175	139	2014, 2015, 2016	2014	14
Illinois	(f)	1,320	-	1,320	-	(147)	1,173	-	1,173	-		2016	-
North Carolina	(v)	1,161	-	1,161	-	0	1,161	-	1,161	-	2018	2018	-
Illinois	(f)	617	-	617	-	535	1,152	-	1,152	-		2016	-
Nebraska	(h)	1,109	40	1,149	-	-	1,109	40	1,149	6	2012	2012	20
Illinois	(f)	845	63	908	0	241	1,086	63	1,149	10	2016	2016	22
Nebraska	(c)	1,136	11	1,147	0	(0)	1,136	11	1,147	6	2015	2015	6
Colorado	(t)	747	393	1,140	(0)	0	747	393	1,140	35	2014	2014	26
Illinois	(f)	$ 1,229	$ -	$ 1,229	$ 116	$ (219)	$ 1,010	$ 116	$ 1,126	$ 6	2018	2016	40
Colorado	(t)	1,128	68	1,196	(32)	(45)	1,083	36	1,119	3	2017	2014	3
Illinois	(f)	774	47	821	0	293	1,067	47	1,115	6	2016	2016	25
Illinois	(f)	1,058	-	1,058	-	49	1,107	-	1,107	-		2016	-
Colorado	(t)	1,105	-	1,105	-	(0)	1,105	-	1,105	-		2014	-
Colorado	(t)	773	323	1,096	(0)	0	773	323	1,096	34	2014	2014	21
Illinois	(f)	855	55	910	(12)	198	1,053	43	1,096	5	2016	2016	28
Illinois	(f)	708	-	708	-	387	1,095	-	1,095	-		2016	-
Illinois	(f)	854	-	854	-	221	1,075	-	1,075	-		2016	-
Nebraska	(i)	848	197	1,045	22	0	848	219	1,067	25	2014, 2015, 2017	2014	25
Colorado	(t)	554	443	997	70	(3)	551	513	1,064	40	2014, 2015, 2017	2014	23
Nebraska	(t)	994	20	1,014	41	(2)	992	61	1,052	8	2014, 2015	2014	27
Illinois	(t)	801	97	898	152	-	801	249	1,050	15	2016	2004, 2006, 2016	50
Illinois	(f)	950	40	990	(0)	46	996	40	1,036	4	2016	2016	32
Colorado	(h)	819	94	913	113	-	819	207	1,026	22	2014, 2017, 2018	2010	22
Illinois	(f)	727	-	727	-	299	1,026	-	1,026	-		2016	-
Colorado	(e)	809	141	950	64	(0)	809	205	1,014	22	2015	2015	26
Illinois	(f)	1,171	-	1,171	-	(158)	1,013	-	1,013	-		2016	-
Georgia	(i)	795	65	860	105	31	826	170	997	15	2016, 2017	2016	31
Illinois	(h)	991	-	991	-	-	991	-	991	-		2012	-
Illinois	(f)	800	130	930	(0)	59	859	130	989	15	2016	2016	27
Illinois	(f)	1,259	-	1,259	-	(273)	986	-	986	-		2016	-
Illinois	(f)	1,119	-	1,119	-	(133)	986	-	986	-		2016	-
Illinois	(f)	775	-	775	3	186	961	3	964	0		2016	-
Georgia		756	202	958	0	(1)	755	202	958	17	2016	2016	36
Illinois	(h)	923	53	976	(29)	-	923	24	947	1	2011	2011	50
Kansas	(t)	805	178	983	(0)	(38)	767	178	945	53	2014	2014	14
Illinois	(t)	902	34	936	-	-	902	34	936	5	2008	2008	21
Illinois	(f)	1,075	-	1,075	70	(230)	845	70	915	3	2018	2016	40
Illinois	(f)	1,080	-	1,080	-	(175)	905	-	905	-		2016	-
Illinois	(f)	864	-	864	-	41	905	-	905	-		2016	-
Colorado	(t)	481	373	854	2	46	527	375	902	103	2014, 2016	2014	15
Illinois	(f)	989	-	989	77	(178)	811	77	888	4	2018	2016	40
Illinois	(f)	995	-	995	58	(177)	818	58	875	3	2017	2016	50
Illinois	(f)	975	-	975	-	(100)	875	-	875	-		2016	-
Illinois	(i)	815	-	815	60	0	815	60	875	4	2017	2015	50
Georgia	(j)	718	144	862	10	0	718	154	872	19	2016	2016	25
Nebraska	(b)	862	-	862	-	(0)	862	-	862	-		2015	-
Illinois	(f)	972	-	972	-	(114)	858	-	858	-		2016	-
Illinois	(f)	671	96	767	(54)	143	814	42	856	4	2016	2016	28
Illinois	(h)	644	93	737	107	-	644	200	844	12	2015	2000	50
Illinois	(i)	762	-	762	75	(0)	762	75	837	11	2016	2015	20
Nebraska	(t)	742	-	742	94	0	742	94	836	11	2013	2012	25
Illinois	(b)	700	110	810	20	-	700	130	830	8	2006, 2015	2004	50
Illinois	(f)	1,005	-	1,005	-	(180)	825	-	825	-		2016	-
Illinois	(f)	980	-	980	-	(155)	825	-	825	-		2016	-
Illinois	(l)	825	-	825	-	-	825	-	825	-		2017	-
Illinois	(o)	805	-	805	-	-	805	-	805	-		2017	-
Colorado	(t)	803	-	803	-	(0)	803	-	803	-		2014	-
Illinois	(f)	732	-	732	-	64	796	-	796	-		2016	-
Illinois	(f)	762	-	762	-	20	782	-	782	-		2016	-
Illinois	(f)	630	-	630	-	145	775	-	775	-	2016	2016	-
Nebraska	(t)	702	72	774	0	(2)	700	72	772	6	2014	2014	35
Illinois	(o)	748	-	748	-	-	748	-	748	-		2017	-
Illinois	(f)	421	-	421	43	280	701	43	743	3	2016	2016	50
Kansas	(t)	737	-	737	-	(0)	737	-	737	-		2014	-
Nebraska	(i)	711	22	733	0	(0)	711	22	733	3	2015	2015	20
Illinois	(f)	857	-	857	-	(125)	732	-	732	-		2016	-
Illinois	(f)	879	-	879	4	(155)	724	4	727	1	2016	2016	20
Illinois	(f)	552	-	552	31	143	695	31	725	0		2016	-
Illinois	(h)	725	-	725	-	-	725	-	725	-		2010	-
Illinois	(h)	668	-	668	51	1	669	51	720	3	2015	2007	50
Illinois	(o)	717	-	717	-	(0)	717	-	717	-	2018	2018	-
Illinois	(f)	612	38	650	0	51	663	38	701	4	2016	2016	29
Illinois	(v)	701	-	701	-	-	701	-	701	-		2017	-
Illinois	(f)	968	-	968	-	(269)	699	-	699	-		2016	-
Illinois	(j)	667	30	697	(0)	0	667	30	697	4	2016	2016	24
Illinois	(h)	693	-	693	-	-	693	-	693	-		2008	-
Georgia	(i)	555	106	661	9	18	573	115	687	11	2015, 2018, 2019	2015	30
Illinois	(h)	684	-	684	-	0	684	-	684	-		2007	-
South Carolina	(l)	477	57	534	148	-	477	205	682	16	2017	2017	32
Illinois	(i)	681	-	681	-	0	681	-	681	-		2015	-
Illinois	(f)	505	-	505	-	173	678	-	678	-		2016	-
Illinois	(i)	667	-	667	-	1	668	-	668	-		2016	-
Illinois	(h)	448	100	548	110	-	448	210	658	13	2006, 2015	2003	50
Illinois	(o)	652	-	652	-	(0)	652	-	652	-	2018	2018	-
Illinois	(f)	507	-	507	-	142	649	-	649	-		2016	-
Illinois	(f)	466	-	466	-	178	644	-	644	-		2016	-
Georgia	(i)	482	142	624	(0)	10	492	142	634	14	2016, 2017	2016	27
Illinois	(f)	746	-	746	-	(127)	619	-	619	-		2016	-
Illinois	(f)	939	-	939	-	(326)	613	-	613	-		2016	-
Illinois	(h)	610	-	610	-	(0)	610	-	610	-		2012	-
Illinois	(f)	744	-	744	-	(136)	608	-	608	-		2016	-
Colorado	(t)	374	201	575	2	30	404	203	608	54	2014, 2016, 2017	2014	11
Nebraska	(b)	607	-	607	-	(0)	607	-	607	-		2015	-
Georgia		469	108	577	25	0	469	133	603	9	2016	2016	36
Nebraska	(b)	561	-	561	-	41	602	-	602	-		2014	-
Illinois	(t)	527	37	564	16	-	527	53	580	3	2011	2011	50
Illinois	(j)	563	-	563	-	0	563	-	563	-		2016	-
North Carolina	(v)	554	-	554	-	0	554	-	554	-	2018	2018	-
Illinois	(f)	534	-	534	-	11	545	-	545	-		2016	-
Georgia	(i)	475	53	528	16	0	475	69	545	10	2015, 2018	2015	21
Illinois	(f)	536	-	536	-	(15)	521	-	521	-		2016	-
Illinois	(f)	447	-	447	-	74	521	-	521	-		2016	-
Nebraska	(c)	500	10	510	0	0	500	10	510	5	2015	2015	5
South Carolina		460	-	460	40	(0)	460	40	500	1	2019	2018	20
Kansas	(l)	319	181	500	-	-	319	181	500	26	2017, 2019	2017	20
Illinois	(h)	442	38	480	0	-	442	38	480	5	2009	2009	24
Illinois	(f)	601	-	601	-	(158)	443	-	443	-		2016	-
Illinois	(f)	362	-	362	-	76	438	-	438	-		2016	-
Illinois	(f)	499	22	521	25	(112)	387	47	434	3	2016, 2018	2016	29
South Carolina	(v)	354	-	354	79	0	354	79	433	5	2018, 2019	2018	40
Illinois	(f)	487	-	487	41	(96)	391	41	432	2	2017	2016	50
Illinois	(f)	576	-	576	-	(144)	432	-	432	-		2016	-
Illinois	(f)	254	-	254	-	174	428	-	428	-		2016	-
Illinois	(o)	428	-	428	-	0	428	-	428	-	2018	2018	-
Illinois	(f)	170	-	170	-	250	420	-	420	-		2016	-
Colorado	(t)	419	-	419	-	0	419	-	419	-		2014	-
Illinois	(h)	290	38	328	87	-	290	125	415	7	2006, 2015	2006	50
Illinois	(i)	371	-	371	38	(0)	371	38	409	2	2017	2016	50
Illinois	(f)	296	-	296	39	66	362	39	401	0		2016	-
Illinois	(f)	370	-	370	-	28	398	-	398	-		2016	-
Illinois	(b)	398	-	398	-	-	398	-	398	-		2008	-
Colorado	(i)	-	-	-	-	395	395	-	395	-		2015	-
Illinois	(f)	359	-	359	-	35	394	-	394	-		2016	-
Illinois	(h)	322	36	358	22	-	322	58	380	3	2006, 2017, 2018	2006	47
Illinois	(o)	363	-	363	-	0	363	-	363	-	2018	2018	-
Illinois	(t)	102	59	161	201	-	102	260	362	15	2006, 2017	2003	50
Illinois	(h)	271	73	344	16	0	271	89	360	5	2006, 2015	2001	50
Illinois	(f)	291	-	291	-	63	354	-	354	-		2016	-
Illinois	(f)	360	-	360	-	(9)	351	-	351	-		2016	-
Nebraska	(t)	342	4	346	(1)	(2)	341	4	344	0	2017	2014	27
Illinois	(f)	282	-	282	-	58	340	-	340	-		2016	-
Illinois	(t)	321	24	345	(8)	-	321	16	337	1	2011	2011	50
Kansas	(j)	235	90	325	3	(0)	235	93	328	13	2016, 2017	2016	21
Illinois	(f)	320	-	320	-	(2)	318	-	318	-		2016	-
Illinois	(f)	286	-	286	-	29	315	-	315	-		2016	-
North Carolina	(v)	310	-	310	-	0	310	-	310	-	2018	2018	-
Illinois	(f)	353	-	353	-	(44)	309	-	309	-		2016	-
Colorado	(t)	224	-	224	46	39	263	46	309	-		2014	-
Colorado	(t)	276	-	276	-	0	276	-	276	-		2014	-
Illinois	(f)	216	-	216	-	50	266	-	266	-		2016	-
Illinois	(f)	233	-	233	-	28	261	-	261	-		2016	-
Illinois	(h)	252	-	252	-	(0)	252	-	252	-		2012	-
Illinois	(f)	240	-	240	-	7	247	-	247	-		2016	-
Colorado	(i)	236	-	236	-	(0)	236	-	236	-		2015	-
Illinois	(o)	233	-	233	-	(0)	233	-	233	-	2018	2018	-
Illinois	(f)	157	-	157	-	75	232	-	232	-		2016	-
Illinois	(h)	203	44	247	(24)	-	203	20	223	1	2006	2006	50
Illinois	(f)	153	-	153	20	28	181	20	201	0		2016	-
Illinois	(h)	200	16	216	(16)	-	200	-	200	-		2011	-
Illinois	(f)	179	-	179	-	18	197	-	197	-		2016	-
Illinois	(o)	196	-	196	-	(0)	196	-	196	-	2018	2018	-
Georgia		142	39	180	3	-	142	41	183	3	2017	2017	30
Colorado		-	-	-	69	-	-	69	69	4	2017	2017	40
Illinois		34	86	120	(86)	(0)	34	-	34	(3)	2017	2016	7
Colorado		-	-	-	-	-	-	-	-	-		2017	-
Adjustments							-	896	896	3,425
Other	(u)	45,187	1,726	46,913	1,049	1,076	46,264	2,775	49,039	254

Farm Credit Bond	$ 4,890
Farmer Mac Bond #6	$ 13,827
Farmer Mac Bond #7	$ 11,160
Farmer Mac Bond #8A	$ 41,700
Farmer Mac Bond #9	$ 6,600
Met Life Bond #1	$ 87,942
Met Life Bond #2	$ 16,000
Met Life Bond #3	$ 21,000
Met Life Bond #4	$ 15,685
Met Life Bond #5	$ 8,379
Met Life Bond #6	$ 27,158
Met Life Bond #7	$ 17,153
Met Life Bond #8	$ 44,000
Met Life Bond #9	$ 21,000
Prudential Bond	$ -
Rutledge Credit Facility #1	$ 17,000
Rutledge Credit Facility #2	$ 25,000
Rutledge Credit Facility #3	$ 25,000
Rutledge Credit Facility #4	$ 15,000
Rutledge Credit Facility #5	$ 30,000
Rabo Agrifinance Note	$ 64,359
Totals	$ 512,853	$ 933,131	$ 112,184	$ 1,045,315	$ 36,944	$ 4,682	$ 937,812	$ 150,024	$ 1,087,836	$ 25,276

(a)

is part of a collateral pool for the $4.9 million First Farm Credit of Central Florida Bond

(b)

is part of a collateral pool for the $13.8. million Farmer Mac Bond #6

(c)

is part of a collateral pool for the $11.2 million Farmer Mac Bond #7

(d)

is part of a collateral pool for the $41.7 milllion Farmer Mac Bond #8A

(e)

is part of a collateral pool for the $6.6 million Farmer Mac Bond #9

(f)

is part of a collateral pool for the $87.9 million Met Life Bond #1

(g)

is part of a collateral pool for the $16.0 million Met Life Bond #2

(h)

is part of a collateral pool for the $21.0 million Met Life Bond #3

(i)

is part of a collateral pool for the $15.7 million Met Life Bond #4

(j)

is part of a collateral pool for the $8.4 million Met Life Bond #5

(k)

is part of a collateral pool for the $27.2 million Met Life Bond #6

(l)

is part of a collateral pool for the $17.2 million Met Life Bond #7

(m)

is part of a collateral pool for the $44.0 million Met Life Bond #8

(n)

is part of a collateral pool for the $0.0 million Prudential Loan

(o)

is part of a collateral pool for the $17.0 million Rutledge Credit Facility 1

(p)

is part of a collateral pool for the $25.0 million Rutledge Credit Facility 2

(q)

is part of a collateral pool for the $25.0 million Rutledge Credit Facility 3

(r)

is part of a collateral pool for the $15.0 million Rutledge Credit Facility 4

(s)

is part of a collateral pool for the $30.0 million Rutledge Credit Facility 5

(t)

is part of a collateral pool for the $66.4 million Agrifinance Note

(u)

Other category is comprised of 100 farms in 7 states that on an individual basis make up less than 5% of gross total land plus improvements as of December 31, 2019. Approximately $1,606 is part of a collateral pool for the $13,827 Farmer Mac Bond #6, $510 is part of a collateral pool for the $11,160 Farmer Mac Bond #7, $19,689 is part of a collateral pool for the $87,942 Met Life Bond #1, $6,399 is part of a collateral pool for the $21,000 Met Life Bond #3, $4,988 is part of a collateral pool for the $15,685 Met Life Bond #4, $1,588 is part of a collateral pool for the $8,379 Met Life Bond #5, $1,182 is part of a collateral pool for the $17,153 Met Life Bond #7, $4,142 is part of a collateral pool for the $25,000 Rutledge Credit Facility 1, $5,546 is part of a collateral pool for the $66,400 Rabo Agrifinance Note, and $1,999 is part of a collateral pool for the $21,000 Met Life Bond #9

(v)

is part of a collateral pool for the $21.0 million Met Life Bond #9

(w)

all of the above properties listed in Schedule III are farms.

Farmland Partners Inc.

Schedule III – Real Estate and Accumulated Depreciation

Reconciliation of “Real Estate and Accumulated Depreciation”

(In Thousands)


	Years ended December 31,
	2019		2018		2017
Real Estate:
Balance at beginning of year	$	1,108,016	$	1,094,155	$	595,598
Additions during period
Additions through construction of improvements		5,326		9,874		15,549
Disposition of property and improvements		(62,468)		(29,573)		(671)
Non cash acquisitions						-
Acquisitions through business combinations and/or asset acquisitions		36,893		33,560		483,679
Balance at end of year	$	1,087,767	$	1,108,016	$	1,094,155

Accumulated Depreciation:
Balance at beginning of year	$	18,148	$	10,261	$	3,215
Disposition of improvements		(947)		(190)		(80)
Additions charged to costs and expenses		8,022		8,077		7,126
Balance at end of year	$	25,223	$	18,148	$	10,261

Real Estate balance per schedule	$	1,087,767	$	1,108,016	$	1,094,155
Construction in progress		11,911		10,262		8,137
Other non-real estate		71		71		71
Balance per consolidated balance sheet	$	1,099,749	$	1,118,349	$	1,102,363

Accumulated depreciation per schedule	$	25,223	$	18,148	$	10,261
Other non-real estate		54		54		24
Balance per consolidated balance sheet	$	25,277	$	18,202	$	10,285