Gladstone Land Corporation announced that it has acquired 1,324 gross acres of farmland in Holyoke, Colorado, for $7.5 million. The farm consists of 1,064 irrigated acres and will grow a rotation of potatoes, corn for use in the tenant’s feedlots, and sugar beets, which is a new crop type in the Gladstone Land portfolio. In connection with the acquisition, Gladstone Land also entered into a six-year, triple-net leaseback agreement with the seller. As an interesting side note, during Gladstone Land’s title review of the property, the document conveying the property from the federal government to the first-time private owner was discovered. The document was dated December 10, 1894, and was signed by Grover Cleveland, former president of the United States.