Easterday gets OK to sell assets to stalking horse Farmland Reserve

By Sarah Lizee

Olympia, Wash., July 21 – Easterday Ranches, Inc. and Easterday Farms secured court approval to sell their assets to stalking horse bidder Farmland Reserve, Inc., according to an order filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Washington.

The stalking horse agreement includes a purchase price of about $188 million, plus the assumption of certain liabilities.

The assets include farm properties consisting of about 81 parcels, all located in Benton County, Wash. All of the properties, including third-party ownership interests in the properties, were marketed to be sold together, along with related farm equipment and other personal property.

Easterday Ranches is a Pasco, Wash.-based cattle operator. The company filed bankruptcy on Feb. 1 under Chapter 11 case number 21-00141.

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