Crowdfunding Platform FarmTogether Purchases 102-Acre Hidden Oaks Vineyard in Clements, CA for $3.2 Million

Land Advisors Organization's San Joaquin Valley agriculture specialists complete sale of organic cabernet sauvignon vineyard.
By: Connections Marketing & Communications
 
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Eblast Road Map Hidden Oaks Vineyard
Eblast Road Map Hidden Oaks Vineyard
LODI, Calif. - Aug. 18, 2023 - PRLog -- Hidden Oaks Vineyard in Clements, California was recently purchased for $3.2M by FarmTogether Inc., a crowdfunding investment platform. The 102-acre organic cabernet sauvignon vineyard will continue its operations with the new owners overseeing the business management and production of the vineyard.

The Land Advisors Organization's agriculture specialists Quinn Mulrooney and Jonathan Kendall represented the seller Hidden Oaks Vineyard LLC in the transaction. The buyer, FarmTogether, also obtained the property's 2023 crops and well water for future farming needs in the transaction.

"With the value of farmland as an asset class continuing to perform well, we're seeing more investors looking for opportunities in the sector and the newer trend of crowdfunding of farmland investors has really been taking off," said Mulrooney. "In this case, a surge in demand for premium organic grapes and the fertile San Joaquin Valley farm drove pricing and interest from numerous interested buyers."

As the amount of farmland in the U.S. continues to shrink, the farming sector is seeing increased interest from institutional investors. According to the U.S. Department of Agriculture's most recent survey, there were two million U.S. farms in 2022, down from 2.20 million in 2007. Similarly, the acres of land in farms continue its downward trend with 893 million acres in 2022, down from 915 million acres ten years earlier. With the world's population growth increasing food demand, farmland is appealing to institutional investors and family offices seeking to diversify their portfolios.

FarmTogether is a farmland investment manager that leverages technology and data science to tap into farmland investment opportunities and to enrich a scalable pipeline of deals to meet its investors' evolving needs. The group's team of experts cross-industry experience across farmland investing, agriculture, and tech identify and drive capital to farmers while giving investors the opportunity to help create a more resilient, robust, and sustainable food system.

Land Advisors Organization's agricultural specialists in California and Arizona are focused on providing farming operations with the critical information required to evaluate their current land and farm assets, and to successfully sell or relocate their operations, as well as market their operations to potential institutional investors.

About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation's largest land brokerage firm specializing in providing deep data-driven market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with the firm's technology our teams of geographically specialized land professionals provide brokerage and advisory services to clients in identifying, acquiring, selling, financing or developing land-related assets in all economic environments.

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Source:Connections Marketing & Communications
Email:***@connections-marcom.com Email Verified
Tags:Farmland, Crowdfunding, Vineyard Sale, Land Sales, California farms
Industry:Agriculture, Real Estate, Financial
Location:Lodi - California - United States
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