As of September 3rd, a 4,528-acre ranch in eastern North Carolina is off the market. The property will be managed by Farmland Partners Inc. and was sold to Promised Land Opportunities Zone Farms I, LLC for $25,700,000 dollars.
According to Ken Nofziger with Kander LLC, who acted as one of the brokers, “It is unique to find such a high-quality specialty produce farm of this size anywhere in the USA today. Demand and value for farmland across different varieties and geographies have been increasing throughout the last couple of years and this sale just reinforces the strength of the current market.”
The farm is known for its production of chipping potatoes.
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