Farmland Partners Closes on New Funding, Acquires 7,400 Acre Louisiana Farm

Farmland Partners Inc. (NYSE: FPI) today announced that it entered into a loan agreement with Metropolitan Life Insurance Company ("MetLife"), which provides up to a total of $127 million of term loans.  Additionally, the Company announced it has closed on its previously announced acquisition of a 7,400 acre farm in Louisiana for a purchase price of $31.8 million in cash.