LAND

Gladstone Land Corporation is an agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s farm consists of approximately 600 tillable acres rotated between popcorn, edible beans, and potatoes and is irrigated with three on-site wells and electrical panels. The Company is engaged in leasing its farms and farm-related facilities to independent or corporate farming operations. The Company owns approximately 113 farms, including 88,000 total acres in the United States. Its farms and facilities are leased to different, unrelated tenants that are either independent or corporate farming operations. The Company also owns farms growing permanent crops, including almonds, apples, figs, olives, pistachios, and other orchards, as well as groves of blueberries and vineyards. It also acquires property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers.