FarmTogether Announces Closing of Landmark Citrus Grove for $6.6 Million

FarmTogether is pleased to announce the successful closing of Landmark Citrus Grove, an 80-acre mandarin orchard located in Tulare County, California. This acquisition underscores FarmTogether’s ongoing commitment to expanding access to high-quality U.S. farmland investments while advancing sustainable agricultural practices in one of the country’s most productive citrus regions.

Landmark Citrus Grove represents a $6.6 million crowdfunded offering. The property is modeled with a target net internal rate of return (IRR) of 11.1%, a target net average cash yield of 9.4%, and a target equity multiple of 2.4x over a 10-year hold period. Initial income distributions are anticipated to begin following the 2026 harvest.

The orchard comprises 80 planted acres of Tango and Golden Nugget mandarins. Approximately half of the acreage is already in mature production, with the remainder expected to reach full maturity within the next two years. Tangos are widely valued for their vibrant deep-orange color, easy-to-peel rind, and balanced sweet-tart flavor, while Golden Nuggets are prized for their exceptional sweetness and snacking quality. Together, these varieties are among the most in-demand citrus fruits in the U.S.

“Landmark Citrus Grove exemplifies the opportunities we seek to bring to investors: high-quality farmland with secure water resources, strong crop fundamentals, and alignment with long-term sustainability,” said Boyd Corkins, Head of Farm Management at FarmTogether.

Reliable irrigation water is provided by the Terra Bella Irrigation District, a century-old district with a proven record of dependable deliveries. Supplementing this supply is a newly installed well with a pumping capacity of 2,000 gallons per minute. The orchard also employs advanced sustainability practices, including dual-line drip and fan-jet irrigation systems, automated wind machines for frost protection, and soil- and weather-based monitoring technology to optimize water and fertilizer use. Biodiversity enhancements, such as owl boxes and pollinator hives, will further support ecological resilience and reduce reliance on chemical inputs.

With this closing, FarmTogether’s portfolio now encompasses 53 properties across 8 states, representing $217.2 million in assets under management (AUM) and more than 15 permanent and row crop types.

For more information on investing through FarmTogether, please contact investments@farmtogether.com.

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About FarmTogether

FarmTogether is a farmland investment manager providing accredited and institutional investors with creative capital solutions in real assets. The firm’s offerings are curated by an expert team with cross-industry experience in farmland investing, asset management, and technology, demonstrated by $2.1B+ of collective capital deployed^[1]. Through FarmTogether’s differentiated investment philosophy, proprietary sourcing engine Terra, and robust industry relationships, the team sources and manages a diverse range of farmland opportunities across prime U.S. growing regions.

FarmTogether specializes in high-value permanent crop acquisitions, a complex market with significant long-term potential. Its investment solutions include Crowdfunded Farmland Offerings, Sole Ownership Bespoke Offerings^[2], Tenancy in Common Offerings^[3], Separately Managed Accounts, and the FarmTogether Sustainable Farmland Fund.