Water Security and Management
Gladstone Land Corporation has 55,000 acre-feet of water stored in aquifers, providing a strong water security for its farms, particularly in California. They have improved delivery and storage infrastructure, enabling them to navigate water scarcity and Sigma regulations effectively.
Positive Crop Insurance Impact
The company has secured high levels of crop insurance on eight of its farms, providing a safety net against natural disasters and ensuring income even in adverse weather conditions.
Improvements in Almond Market
Recent weeks have shown positive trends in the almond market, with prices rising by 5% to 8%. The harvest season has started, indicating potential for increased revenue.
Strong Liquidity Position
Gladstone Land Corporation has over $150 million of available capital and $170 million of unpledged properties, ensuring financial flexibility. Their borrowings are 99% at fixed rates, protecting against rising interest rates.