Gladstone Land Corp. has acquired a farm in northern Florida totaling 574 acres for $2.6 million.
Upon acquisition, Gladstone Land assumed a lease that has more than two years remaining on it with a farming operation growing primarily peanuts and melons.
“We are pleased to acquire our first farm in the Florida panhandle,” said Bill Frisbie, managing director of Gladstone Land. “This region has very fertile ground and many strong farm operators who we can partner with to continue expanding our farmland holdings in the region.”
