MCLEAN, Va., June 2, 2014 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today that it has acquired two farms in Columbia County, Oregon, totaling 200 acres and 157 farmable acres for $2.6 million. The properties have water on site and have been farmed for blueberries for decades. In connection with the acquisition, the Company has entered into a 10-year lease on the properties with a large farming operation that grows blueberries for one of the world's largest supplier of berries.
Gladstone Land Corporation Announces Farmland Acquisition In Oregon
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.