The Land Report

AG 2019

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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RI CHAR D LE VI N E / AL AMY STO CK PH OTO FrontGate O ntario Teachers' Pension Plan has acquired Washing- ton State's Broetje Orchards. e blockbuster transaction, which included 6,175 acres of tree-fruit orchards, closed in December. No financial terms were disclosed. Accord- ing to the Tri-City Herald, however, the real estate component of the acquisi- tion was valued at $288 million, a figure that was determined using the excise tax affidavit filed with Washington's Department of Revenue. Ralph and Cheryl Broetje founded their company with a single cherry orchard, which the couple bought in 1968. According to the Broetje Orchards website, their nascent agri- business endured many of the spurts and sputters common to a start-up. By 1982, the Broetjes were forced to liqui- date their farmland holdings. e following year, the couple began again. Only this time, profit was no lon- ger their ultimate purpose. anks to a mission trip they had taken to Mexico, they gained a new perspective on the people working alongside them. At the company website, Ralph Broetje was quoted as follows: "at mission to Mexico made me real- ize how hard it was for people there to dream about achieving anything because the opportunities did not exist. I understood that they were coming to the United States for better opportuni- ties for their families. It gave us more insight into what their needs are, and it reminded me of why we had this orchard. It wasn't so we could keep building things for ourselves. It was so we could try to give back to the families working with us." To facilitate their charitable efforts, Cheryl Broetje founded Center for Sharing, a faith-based experiential learning community around the teach- ing and practice of servant leadership. One of largest vertically-integrated, family-owned tree-fruit farms in the PACIFIC NORTHWEST sold in December. — Eric O'Keefe Canadian Pension Fund Buys Broetje Orchards F A R M L A N D PROPRIETARY BRAND Broetje Orchards' Opal is a cross between the Golden Delicious and the Topaz apple. ® 19 L ANDREP ORT.COM AGRICULTURE 20 19 | e LandReport

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