Rangelands Inc. takes two farms in a $1.6 million payment in kind
Rangelands Inc. has taken title to two farms in a payment in kind valued at $1,600,000, in which the land settles a debt. The deed was signed in Mayagüez on June 19, 2026 and presented to the Property Registry on August 27, 2026.
The registry entries split the value between the two farms: $1,115,000 for one in Cibao, in the San Sebastián registry district, and $485,000 for one in Piletas, Lares.
The larger farm
The property record of the larger farm covers 879,036 m2 / 9,461,869 sq ft. Of that land, 85% is specially protected rural land of agricultural value, and 90% is zoned A-P, a district for land whose continued farm use is declared important for the island. Land and structures are assessed at $42,983 for property tax.
The farm's last sale on record dates from 1988, and a declaration of heirs was recorded on it on May 14, 2025.
Land sales in Lares
In the 12 months from November 2024 to October 2025, 51 land sale deeds were recorded in Lares, at a median price of $27,000. In Piletas, 13 land sale deeds were recorded at a median of $20,000.
