Gladstone Land Reports Minimal Hurricane Damage to Southeast Farms

Gladstone Land Corporation announced that recent hurricanes Helene and Milton caused limited damage to its farms in the Southeastern U.S. Early assessments show wind damage to blueberry crops in Georgia and water damage to a cooling facility in Florida. These damages are covered by insurance. Most strawberry farms in Florida have already recovered, although planting schedules may be slightly delayed. Notably, citrus groves in Florida remained undamaged.

Brett Smith, Director of Gladstone Land, remarked on the minimal property damage despite the storms' strength, expressing relief given the devastation elsewhere. CEO David Gladstone highlighted the flexibility of annual row crops, which facilitate quicker recovery from natural disasters.