Gladstone Land Corporation announced that it has acquired a 1,895-acre farm in the Columbia Basin of the Pacific Northwest for $13.9 million. The property has center pivot irrigation and has been farmed for row crop vegetables for decades. In connection with the acquisition, the Company executed a ten-year lease with three, five-year options to extend with a large farming operation that grows a variety of row crops, including onions, potatoes, carrots, green peas and snap peas, among others.
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