Remember when citrus growers and other agricultural landowners in Florida were selling their land because its value was much higher than that of the crops generated? My, how that trend has reversed.
Heller Bros., a major citrus packer based in Winter Garden, closed this month on 2,342 acres of grove land in Fort Pierce for the bargain price of $7.7 million. That’s roughly $3,300 per acre, or 7.5 cents per square foot. (That’s right, seven and a half cents! I used two calculators just to be sure I’m not wrong.)
Recent Comments