Farmland, a fund manager focused on organic farmland in the United States, has entered into an agreement to acquire Riverwood Farm, a 1,184-acre property in Oregon’s Willamette Valley, a prime agricultural area in the Western United States. The terms of the transaction were not disclosed.
The purchase enables Farmland LP to increase its production of high-value crops that have strong market demand, particularly wine grapes, organic blueberries and hazelnuts. After the transaction, Farmland LP will own and manage about 5,000 acres in Oregon and more than 16,000 acres across three states in the West.
“As a high-quality operating farm with current cash flow and compelling value-add opportunities, Riverwood fits into our portfolio very well,” said Craig Wichner, CEO of Farmland LP. “It’s location in close proximity to our existing Oregon farm portfolio and farm-management headquarters also provides excellent economies of scale. The addition of Riverwood Farm wil