• I am a farmer who wants to farm more ground. How can Gladstone Land help me?

Gladstone Land acts as a real estate partner to farm operators. We will purchase land and then enter into a lease with you. We are also able to provide capital for land improvements.

• I am a farm land owner who wants to sell my ground. What are my options?

We usually work with sellers to 1) complete a sale-leaseback, 2) assume an existing lease or 3) find a new tenant to farm the land. Our goal is to always keep an existing farmer on the land for as long as they would like.

• How long are your leases?

Leases usually range between 3 to 15 years with options to extend. However, we are willing to work with tenants on whatever time range suits them best.

• How do you determine rent?

Rents are usually determined from market conditions, prior rent on the property and a capitalization rate based on our purchase price. For example, if we paid $1 million for a farm, we might charge an initial annual rent of $50,000 or 5% of the purchase price.

• What types of farms do you usually purchase?

We primarily focus on fruit and produce ground ranging between a purchase price of $2 million to $40 million.

• What does your due diligence process look like?

Once we enter into a purchase and sale agreement for a farm, we usually need approximately 45 to 60 days to commission an appraisal, phase I environmental, survey, well tests, water tests, soil tests and a title report. We may also need to review tenant financials and sign a new lease before closing.

• Can I do a 1031 exchange?

Yes, we are able to work with sellers to purchase their land in exchange for monthly dividend paying shares of LAND, offering both a tax free and income producing liquid asset option.

• Do you work with land brokers?

Yes, we often work with both buyer and seller land brokers.