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  <xsd:element id="fpi_CornbeltMember" name="CornbeltMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_DeltaSouthMember" name="DeltaSouthMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_HighPlainsMember" name="HighPlainsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_SoutheastMember" name="SoutheastMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_WestCoastMember" name="WestCoastMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_DistributionsPaidToNonControllingInterest" name="DistributionsPaidToNonControllingInterest" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" abstract="false" />
  <xsd:element id="fpi_MetlifeTermLoanNotesMaturingInJanuary2027FiveMember" name="MetlifeTermLoanNotesMaturingInJanuary2027FiveMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_MetlifeTermLoanNotesMaturingInFebruary2027SixMember" name="MetlifeTermLoanNotesMaturingInFebruary2027SixMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_PercentageOfRentReceivedDuringFirstQuarterOrAtTimeOfAcquisitionForMostLeases" name="PercentageOfRentReceivedDuringFirstQuarterOrAtTimeOfAcquisitionForMostLeases" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="fpi_MetlifeTermLoanEightMember" name="MetlifeTermLoanEightMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_RabobankMember" name="RabobankMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_DeferredRevenueIncludingRevenueFromContractWithCustomerAbstract" name="DeferredRevenueIncludingRevenueFromContractWithCustomerAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_CropSalesMember" name="CropSalesMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_MetlifeTermLoanNineMember" name="MetlifeTermLoanNineMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_ScheduleOfDerivativeInstrumentsMovementInOtherComprehensiveIncomeTableTextBlock" name="ScheduleOfDerivativeInstrumentsMovementInOtherComprehensiveIncomeTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="fpi_PercentageOfDebtOutstandingAmountCoveredByHedging" name="PercentageOfDebtOutstandingAmountCoveredByHedging" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="fpi_DerivativeInstrumentsMovementsInOtherComprehensiveIncomeRollForward" name="DerivativeInstrumentsMovementsInOtherComprehensiveIncomeRollForward" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_AccumulatedDerivativeInstrumentGainLoss" name="AccumulatedDerivativeInstrumentGainLoss" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="fpi_NumberOfRealEstatePropertySold" name="NumberOfRealEstatePropertySold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" abstract="false" />
  <xsd:element id="fpi_StockRepurchaseProgramIncreaseInAuthorizedAmount" name="StockRepurchaseProgramIncreaseInAuthorizedAmount" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="fpi_TenantReimbursementsMember" name="TenantReimbursementsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_ProvisionForLoanReceivable" name="ProvisionForLoanReceivable" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" abstract="false" />
  <xsd:element id="fpi_LeaseInPlaceMember" name="LeaseInPlaceMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_NotesAndInterestReceivableNet" name="NotesAndInterestReceivableNet" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="fpi_PreferredDistributionsPayableToRealEstatePartnerships" name="PreferredDistributionsPayableToRealEstatePartnerships" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="fpi_LiquidityPolicyPolicyTextBlock" name="LiquidityPolicyPolicyTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="fpi_OperatingLeaseLeaseIncomeBeginningOfYear" name="OperatingLeaseLeaseIncomeBeginningOfYear" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" abstract="false" />
  <xsd:element id="fpi_OperatingLeaseLeaseIncomeAmendedDuringYear" name="OperatingLeaseLeaseIncomeAmendedDuringYear" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" abstract="false" />
  <xsd:element id="fpi_CostOfRealEstateSold" name="CostOfRealEstateSold" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="fpi_NumberOfPropertiesAcquired" name="NumberOfPropertiesAcquired" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" abstract="false" />
  <xsd:element id="fpi_SwapFeesPayableIncludedInAccruedInterest" name="SwapFeesPayableIncludedInAccruedInterest" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="fpi_MetlifeTermLoanTenMember" name="MetlifeTermLoanTenMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="fpi_AmortizationOfAccumulatedOtherComprehensiveIncome" name="AmortizationOfAccumulatedOtherComprehensiveIncome" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="fpi_NoncontrollingInterestIncreaseDecreaseFromSaleOfParentEquityInterest" name="NoncontrollingInterestIncreaseDecreaseFromSaleOfParentEquityInterest" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="fpi_NetBookValueOfAssetsWithUnexercisedOptions" name="NetBookValueOfAssetsWithUnexercisedOptions" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="fpi_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour" name="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="fpi_HedgeTerminationFees" name="HedgeTerminationFees" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="fpi_DistributionsOnPreferredUnitsAndPreferredStock" name="DistributionsOnPreferredUnitsAndPreferredStock" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" abstract="false" />
  <xsd:element id="fpi_OzFundPrivateInvestmentFundMember" name="OzFundPrivateInvestmentFundMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MurrayWiseAssociatesLlcMember" id="fpi_MurrayWiseAssociatesLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfLoans" id="fpi_NumberOfLoans" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="OperatingLeaseMonthlyPayment" id="fpi_OperatingLeaseMonthlyPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="NumberOfLeasesInPlace" id="fpi_NumberOfLeasesInPlace" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="RutledgeFacilityMember" id="fpi_RutledgeFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeRetirementPlanAbstract" id="fpi_EmployeeRetirementPlanAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SummaryOfOperatingLossAndTaxCreditCarryforwardsTableTextBlock" id="fpi_SummaryOfOperatingLossAndTaxCreditCarryforwardsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="RedeemableNoncontrollingInterestRedemption" id="fpi_RedeemableNoncontrollingInterestRedemption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="RedemptionOfRedeemablePreferredUnits" id="fpi_RedemptionOfRedeemablePreferredUnits" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomeTaxesTable" id="fpi_IncomeTaxesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomeTaxesLineItems" id="fpi_IncomeTaxesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FpiAgribusinessTrsMember" id="fpi_FpiAgribusinessTrsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AuctionAndBrokerageFeesMember" id="fpi_AuctionAndBrokerageFeesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CropInsuranceProceedsMember" id="fpi_CropInsuranceProceedsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PropertyManagementIncomeMember" id="fpi_PropertyManagementIncomeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OtherRevenuesDisaggregatedMember" id="fpi_OtherRevenuesDisaggregatedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PercentageOfRentPaymentDueDuringSecondHalfOfYearAfterCropsAreHarvested" id="fpi_PercentageOfRentPaymentDueDuringSecondHalfOfYearAfterCropsAreHarvested" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="DebtInstrumentFixedInterestRateTerm" id="fpi_DebtInstrumentFixedInterestRateTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings" id="fpi_NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PercentageOfRentalIncomeOnRent" id="fpi_PercentageOfRentalIncomeOnRent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenMember" id="fpi_FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenOneMember" id="fpi_FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenTwoMember" id="fpi_FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenThreeMember" id="fpi_FinancingReceivableMaturingOnSeventeenNovemberTwentyThirtySevenThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FarmerMacMetlifeAndRutledgeMember" id="fpi_FarmerMacMetlifeAndRutledgeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AdditionalBondPurchaseAmount" id="fpi_AdditionalBondPurchaseAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="FinancingReceivableAllowanceForCreditLossRollforwardTableTextBlock" id="fpi_FinancingReceivableAllowanceForCreditLossRollforwardTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PercentageOfAmortizedCostOnFinancingReceivableAllowanceForCreditLoss" id="fpi_PercentageOfAmortizedCostOnFinancingReceivableAllowanceForCreditLoss" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageNotesReceivableOutstandingBalance" id="fpi_MortgageNotesReceivableOutstandingBalance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="MetlifeRevolvingCreditFacilityMember" id="fpi_MetlifeRevolvingCreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PercentageOfPrepaymentOfLoanEqualToUnpaidPrincipalBalance" id="fpi_PercentageOfPrepaymentOfLoanEqualToUnpaidPrincipalBalance" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardsAwardsGrantedConversionRatio" id="fpi_ShareBasedCompensationArrangementByShareBasedPaymentAwardsAwardsGrantedConversionRatio" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageNoteNovember2028Member" id="fpi_MortgageNoteNovember2028Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CommonUnitsMember" id="fpi_CommonUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="LeasingServicesMember" id="fpi_LeasingServicesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FixedFarmRentMember" id="fpi_FixedFarmRentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SolarWindAndRecreationRentMember" id="fpi_SolarWindAndRecreationRentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="VariableRentMember" id="fpi_VariableRentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TimeBasedRestrictedSharesMember" id="fpi_TimeBasedRestrictedSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PerformanceBasedRestrictedSharesMember" id="fpi_PerformanceBasedRestrictedSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="Rule10b51ArrModifiedFlag" id="fpi_Rule10b51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod" id="fpi_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="OfficeSpaceAndOfficeEquipmentMember" id="fpi_OfficeSpaceAndOfficeEquipmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfNumberOfSharesThatMayBeEarnedFollowingEndOfCumulativePerformancePeriod" id="fpi_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfNumberOfSharesThatMayBeEarnedFollowingEndOfCumulativePerformancePeriod" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="OriginationFeesIncludedInNotesReceivable" id="fpi_OriginationFeesIncludedInNotesReceivable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FairValueAssetsLevel1ToLevel2TransfersAmount1" id="fpi_FairValueAssetsLevel1ToLevel2TransfersAmount1" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="FairValueAssetsLevel2ToLevel1TransfersAmount1" id="fpi_FairValueAssetsLevel2ToLevel1TransfersAmount1" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LiquidityPolicyAbstracts" id="fpi_LiquidityPolicyAbstracts" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DerivativeFloatingRateExposure" id="fpi_DerivativeFloatingRateExposure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="SaleAndLeasebackTransactionWeightedAverageDiscountRatePercent" id="fpi_SaleAndLeasebackTransactionWeightedAverageDiscountRatePercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="InterestReceivableNet" id="fpi_InterestReceivableNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FundsFromOperations" id="fpi_FundsFromOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AdjustedFundsFromOperation" id="fpi_AdjustedFundsFromOperation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AdjustedFundsFromOperationPerDilutedWeightedAverageDataAbstract" id="fpi_AdjustedFundsFromOperationPerDilutedWeightedAverageDataAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AdjustedFundsFromOperationWeightedAverageNumberOfSharesOutstanding" id="fpi_AdjustedFundsFromOperationWeightedAverageNumberOfSharesOutstanding" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NetIncomeLossAttributableToNoncontrollingInterestPerShare" id="fpi_NetIncomeLossAttributableToNoncontrollingInterestPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="DepreciationDepletionAndAmortizationPerShare" id="fpi_DepreciationDepletionAndAmortizationPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AssetImpairmentChargesPerShare" id="fpi_AssetImpairmentChargesPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ShareBasedPaymentArrangementExpensePerShare" id="fpi_ShareBasedPaymentArrangementExpensePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="GainLossOnDispositionOfAssetsPerShare" id="fpi_GainLossOnDispositionOfAssetsPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PreferredStockDividendsPerShare" id="fpi_PreferredStockDividendsPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AdjustedFundsFromOperationDilutedPerShare" id="fpi_AdjustedFundsFromOperationDilutedPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="FinancingReceivableMaturingOnTwelveDecemberTwentyTwentyNineMember" id="fpi_FinancingReceivableMaturingOnTwelveDecemberTwentyTwentyNineMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AssetImpairmentChargesMember" id="fpi_AssetImpairmentChargesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DebtIssuanceCostsIncurred" id="fpi_DebtIssuanceCostsIncurred" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="SingleReportableSegmentMember" id="fpi_SingleReportableSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="O2025Q1DividendsMember" id="fpi_O2025Q1DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="S2025DividendsMember" id="fpi_S2025DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CornBeltRegionMember" id="fpi_CornBeltRegionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteJune2026Member" id="fpi_MortgageNoteJune2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteApril2027Member" id="fpi_MortgageNoteApril2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FundsFromOperationsIncomeFromSolarCostSharingArrangement" id="fpi_FundsFromOperationsIncomeFromSolarCostSharingArrangement" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="RentalIncomeLossConcentrationPercentage" id="fpi_RentalIncomeLossConcentrationPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="O2025Q2DividendsMember" id="fpi_O2025Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="Nonrule10b51ArrModifiedFlag" id="fpi_Nonrule10b51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ConversionOfCommonUnitsToSharesAmount" id="fpi_ConversionOfCommonUnitsToSharesAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="StockIssuedDuringPeriodSharesUponRedemption" id="fpi_StockIssuedDuringPeriodSharesUponRedemption" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AmortizationOfPointsIncomeMember" id="fpi_AmortizationOfPointsIncomeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteNovember2030Member" id="fpi_MortgageNoteNovember2030Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DeferredTaxLiabilitiesInstallmentSale" id="fpi_DeferredTaxLiabilitiesInstallmentSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="InterestsIncomeMember" id="fpi_InterestsIncomeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DistributionsOnPreferredUnits" id="fpi_DistributionsOnPreferredUnits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="NumberOfPropertiesExchanged" id="fpi_NumberOfPropertiesExchanged" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="StockCancelledDuringPeriodShares" id="fpi_StockCancelledDuringPeriodShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="O2026Q2DividendsMember" id="fpi_O2026Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FinancingReceivableMaturingOnFourthAprilTwentyTwentySixMember" id="fpi_FinancingReceivableMaturingOnFourthAprilTwentyTwentySixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NonCashConversionOfAccruedInterestToNotesReceivablePrincipal" id="fpi_NonCashConversionOfAccruedInterestToNotesReceivablePrincipal" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="PaymentsForRepurchaseOfCommonUnits" id="fpi_PaymentsForRepurchaseOfCommonUnits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="MortgageNoteMarch2027Member" id="fpi_MortgageNoteMarch2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteDecember2026Member" id="fpi_MortgageNoteDecember2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteTwoDecember2026Member" id="fpi_MortgageNoteTwoDecember2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteThreeDecember2026Member" id="fpi_MortgageNoteThreeDecember2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteFiveDecember2026Member" id="fpi_MortgageNoteFiveDecember2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfLoansReceivablesPastDue" id="fpi_NumberOfLoansReceivablesPastDue" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfFinancingReceivablesPastDue" id="fpi_NumberOfFinancingReceivablesPastDue" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="FinancingReceivablesConvertedPrincipalAmount" id="fpi_FinancingReceivablesConvertedPrincipalAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="MetlifeTermLoanNotesMaturingInFebruary2036OneMember" id="fpi_MetlifeTermLoanNotesMaturingInFebruary2036OneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FourthAmendedPlanMember" id="fpi_FourthAmendedPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="LoansReceivableNet" id="fpi_LoansReceivableNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FinancingReceivableNet" id="fpi_FinancingReceivableNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="O2026Q3DividendsMember" id="fpi_O2026Q3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CornBeltAndWestCoastRegionsMember" id="fpi_CornBeltAndWestCoastRegionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ProceedsFromLoanOriginationFeesOnNotesReceivables" id="fpi_ProceedsFromLoanOriginationFeesOnNotesReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
</xsd:schema>
