Newspaper article Sarasota Herald Tribune

10,597 Acres Sold

Newspaper article Sarasota Herald Tribune

10,597 Acres Sold

Article excerpt

AGRICULTURAL LAND: FPL is paid $22.3 million, or $2,100 per acre

Utility giant Florida Power & Light Co. has sold 10,597 acres in DeSoto County to a company that specializes in agribusiness for $22.3 million.

The acreage, near FPL's 79-acre solar farm, was bought by companies tied to Optimum Advisors, an asset-management firm in Key Biscayne headed by Alberto San Miguel.

Its Optimum Agriculture company focuses on buying and managing farmland in the U.S. and Argentina, according to the company.

Before the FPL deal, it owned more than 70,000 acres, mainly in Arkansas, Louisiana and Mississippi, in six business units that produce such crops as rice, soy beans, wheat and corn, according to its website.

Optimum Agriculture also operates 5,000 acres of cattle farms.

San Miguel declined to comment on the purchase when reached late Monday morning, and Optimum officials could not be reached. A company telephone number says it cannot accept messages. An FPL spokeswoman said the utility would "look into" the sale but the company could not provide further detail. …

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