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News Breaks | | | | January 7, 2013 | | 08:09 EDT |  | SANW | S&W Seed buys half interest in 182 acres in Imperial Valley
S&W Seed announced that it acquired a one-half interest in an additional 182 acres of producing farmland in Calipatria, California, located in the Imperial Valley. The 182 acres are adjacent to 1,880 acres of farmland that S&W partly purchased and partly leased in July 2012. The newly acquired farmland will be used to expand S&W's production of alfalfa seed. The purchase was made by S&W and Coast Imperial Partners as tenants-in-common. S&W paid $819,566, which represented 50% of the total purchase price for the land. The transaction closed on December 31, 2012. | |
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