FPI-B Farmland Partners Inc

Item 5.02.          Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 30, 2021, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from seven directors to eight directors and appointed Danny D. Moore as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors. Mr. Moore will serve until the Company’s 2022 annual meeting of stockholders (the “2022 Annual Meeting”) or until his successor is duly elected and qualifies.

The Board affirmatively determined that Mr. Moore is an independent director within the meaning of the New York Stock Exchange listing standards. Mr. Moore has not been named to any Board committees at this time.

Mr. Moore has served as the President of DeNOVO Solutions, LLC and Thornberry Consulting, LLC, which provide scientific, engineering, technical and operational support services to the United States Department of Defense, since 2012. Mr. Moore has served on the Board of Directors of the Leadership Program of the Rockies since 2019 and on the Board of Directors of the Colorado Business Roundtable since 2020 and previously served as a member of the Board of Advisors of the University of Denver’s Graduate School of Professional Psychology from 2018 to 2020. Prior to his retirement from service in 2005, Mr. Moore served 24 years in the United States Navy. Mr. Moore holds an undergraduate degree from Colorado Christian University and a Masters of Business Administration from the University of Phoenix.

Mr. Moore’s compensation as a director will be consistent with the compensation policies applicable to the Company’s other non-employee directors. The Company has entered into an indemnification agreement with Mr. Moore in connection with his appointment to the Board, which is in substantially the same form as that entered into with the executive officers and other directors of the Company. Neither Mr. Moore nor any member of his immediate family has or had a direct or indirect interest in any transaction in which the Company or any of its subsidiaries is or was a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.