Failure to meet contract obligations and failure to pay reparations caused the department to sanction the businesses and principal operators and prevent them from working in the produce industry.
The deal means that Realty Income will acquire and provide funding for properties housing Plenty’s indoor farms and will lease back to the indoor grower with long-term net leases.
Edel, a lifelong Chicagoan, is the founder and executive director of The Plant, an evolving vertical farm housed in an old meatpacking plant in Chicago’s once-booming Union Stock Yards.
Tips for weathering the economic downturn. Ag lending: visit banker early, communicate often, keep good records, build cash, negotiate rates. Cash rent renegotiation may be in order. Land price rise may be slowing; what the rent-to-value ratio means. What it costs to hire a college grad. Natural gas price down; fertilizer is a good investment.