Farmland LP has acquired three strategically located properties in Northern California's Sacramento Delta for $35.6 million, enhancing its sustainable farmland portfolio by leveraging established water rights and immediate cash flow opportunities.

Target Information

Farmland LP has recently acquired three properties within Northern California’s Sacramento Delta for a total investment of $35.6 million through its Vital Farmland III, LLC (Fund III). This acquisition is a significant enhancement to Fund III's portfolio, aligning with Farmland LP’s mission to transition conventional farmland into organic and sustainably managed farmland. The newly acquired properties encompass a total of 2,625 acres and are strategically positioned adjacent to existing operations, including being directly across the river from the 4,200-acre Burns Farm, currently owned by Farmland LP.

All three properties hold some of the oldest and most secure water rights in California, ensuring access to a reliable water supply. Furthermore, these farms feature nearly mature almond orchards, which allows for immediate cash flow generation, eliminating the standard waiting period typically associated with crop maturation.

Industry Overview in California

California is a significant player in the agricultural sector, known for its diverse crop production and advanced farming practices. As the leading state in agricultural output in the United States, California produ