When SASCO’s client needed a reliable source of certified organic feed for its livestock, SASCO located Sanda Rosa Ranch in Elder County, Utah, near the border of Utah and Idaho. Because the client wanted to ensure quality and availability of supply on favorable terms, SASCO negotiated a seven-year lease of this 7,482-acre farm. The lease granted SASCO’s client the right to farm the land, as well as renewal options and a right of first refusal to purchase the farm.
SASCO represented WhiteWave Foods in its real estate due diligence in connection with the acquisition of Earthbound Farm, the country’s largest grower of organic produce. SASCO analyzed Earthbound’s manufacturing facilities and farms, both owned and leased, assisting WhiteWave Foods in the real property evaluation, risk assessment and strategic planning for future needs of the business.
In 2013, Horizon Organic tasked SASCO with the sale of its organic dairy farming operations in the Twin Falls Idaho area. In addition to the successful negotiation of the sale of the land, together with the equipment, organic cows, organic feed and permits used in the farming operations, SASCO was able to secure a valuable milk supply contract for Horizon Organic. SASCO also negotiated the transfer of Horizon’s leases of surrounding agricultural properties and the essential private water rights appurtenant to the acreage.
“SASCO’s knowledge of our farming operations enabled them to expertly work through the complexities of the sale, from water rights to supply chain requirements, resulting in a transaction that made great sense for us as well as the buyer.”
Mike Ferry – President, Horizon Organic