Gladstone Land reports no damage to farms from California wildfires

Gladstone Land (LAND) announced that none of its California farms have been impacted by the recent wildfires that have occurred in the southern part of the state. The company further notes that all of its farms in the state growing permanent crops are insured by the company or its tenant-farmers under policies that would cover both the crops and any potential loss of crop income. “Our hearts and prayers go out to all of those who were negatively affected by the recent wildfires in California,” said Bill Reiman, Executive Vice President of Gladstone Land. “Our farms typically have low risk of being damaged from wildfires; however, we are always on alert and ready to react should action be required to protect our assets. We also stand ready to help our neighbors and communities should we be in a position to do so”