Gladstone Land Announces Farm Acquisition in Arvin, California

“We are privileged to partner with such an esteemed grower and add another large vegetable farm to our portfolio,” said Bill Reiman, Managing Director for the Company. “This acquisition is our first in the southern San Joaquin Valley, an area known for its diverse agriculture. This region is home to many large agribusiness firms, and we are excited to become local landowners. There is tremendous growth potential for us in this region, and we look forward to many more opportunities. This farm has been farmed for many years and has a good water supply already in place.”

“We now have our first farm in the San Joaquin Valley, a region that grows thousands of tons of vegetables and other crops that feed so many Americans. This is also our first farm on which a tenant grows hot peppers. We continue to diversify our farm ownership by location, crop and tenant. We are firm believers that diversification is good for our stockholders,” commented David Gladstone, Chairman. “We still have a good backlog of farms we are seeking to acquire and hope to acquire more as the summer rolls on.”

Owners or brokers who have farmland for sale in the United States should call (703) 287-5839.