Gladstone Land Corporation has released an investor presentation detailing its operations as a Farmland Real Estate Investment Trust. The company currently owns 150 farms across 15 states, encompassing approximately 103,000 acres, with a focus on farmland used to grow fruits, vegetables, and nuts. Gladstone Land operates primarily on a triple-net lease basis, where tenants are responsible for rent, insurance, maintenance, and taxes. The presentation highlights the company's strategic focus on annual fresh produce and permanent crops due to their higher profitability and lower price volatility compared to commodity crops. Additionally, it addresses the decreasing supply and increasing demand for U.S. farmland, driven by factors such as climate change and urban development, which have led to a steady appreciation in cropland value. You can access the full presentation through the link below.