Gladstone Land Announces Successful Sale of Nebraska Farms

Gladstone Land Corporation has announced the sale of two farms in northern Nebraska for $12.0 million, marking a 9% increase from their original purchase price. These properties, situated in Rock County and Holt County, were originally acquired in 2015 through a sale-leaseback transaction. Initially used for potato farming, the region's agricultural focus shifted to soybeans and corn, impacting the farms' rental income.

Joseph Van Wingerden, Midwest & East Coast Managing Director, highlighted the strategic decision to sell, noting the ability of farmland to retain and increase value despite crop profitability changes. This move aligns with Gladstone Land's broader strategy of optimizing its asset portfolio. The company continues to focus on leasing farmland for diverse crop cultivation across major U.S. agricultural markets.