Gladstone Land Confirms No Impact from California Wildfires

Gladstone Land Corporation, a real estate investment trust specializing in farmland, reports that its farms in California remain unaffected by the recent wildfires in the southern region. The company highlights that all farms in California with permanent crops are insured, ensuring coverage for potential crop losses.

Executive Vice President Bill Reiman expressed sympathy towards those impacted by the fires, while emphasizing the farms' low risk due to their strategic locations. These farms are primarily situated in plains with minimal brush, reducing wildfire susceptibility.

David Gladstone, CEO, noted that wildfires typically occur in hill areas, distant from the company's farmland. Gladstone Land remains vigilant in protecting its assets and supporting affected communities when possible.