Farmland Partners Inc. announced that its Board of Directors has approved a senior executive succession plan pursuant to which the Company's President Luca Fabbri will become Chief Executive Officer, effective following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which is expected to occur in late February 2023. At the same time, Fabbri will join the Company's Board of Directors. FPI's current Chairman and Chief Executive Officer, Paul Pittman, will remain as Executive Chairman of the Company's Board of Directors and as a full-time employee.

Pittman and Fabbri will continue to work side-by-side to formulate corporate strategy, execute the Company's growth plan and drive shareholder value. Prior to co-founding FPI, Fabbri was an entrepreneur and executive in finance, technology, and agriculture. He has a B.S. with Honors in Economics from the University of Naples (Italy) and an M.B.A. in Finance from the Massachusetts Institute of Technology.