RE:RE:RE:Red Light Holland to Purchase 100 Acres of Farmland Exactly. And you get a better deal per acre buying a larger parcel like this. Gives them all the expansion room they need, and they can lease out acreage they don't need for now. Gives potential investors further confidence owning solid asset like this, esp in inflationary times. also makes borrowing at lower rates easier. And best reason of all, will be another Rev stream.
quote=Viguys]
They don't need 10x the acreage. Their total 65000 square foot facility will only take up approximately 1.5 acres.
The balance they can lease out to other farm's
Also. The further north they go, the farther they get from the markets they wish to supply with their product, the smaller labour pool they have to draw from the the higher utility bills they will incure.
I think this is a great term strategy. Well done Todd and RLH
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