The knowlans family has sold its vast Irish land to a new owner, a family farming operation with an extensive portfolio of Irish products.
The family has not made a profit from the deal, but has said it will invest heavily in Ireland in the future.
The knowlas family is one of the largest landowners in Ireland and its farming operations are well known in the country.
It is understood the land was sold to Mr Knowlan for $20m.
Mr Knowland’s company, known as the Knowlans Family Farm, is an investment vehicle for the family.
It was established in 1998 and has more than $10bn in assets.
It has a major portfolio of agricultural products and its main production line is its famous apple, apple and plum crops.
Mr Cook, Mr Knowlas son, who runs the farm with his wife Mary and son Peter, said the farm would not have been possible without the farm’s owners.
“The knowlas family have been here for a long time and they are really committed to farming here,” he said.
“I think they will make a very good return.”
Mr Knowlangs family is based in the Irish town of Loughlan.
Mr Smith said he hoped the deal would create jobs for locals.
“People need jobs,” he told the ABC.
“They need a place to stay.
It will be a very important part of our community.”
The deal with Mr Knowlands company is subject to a number of conditions.
“It is a private company with a limited number of employees,” Mr Cook said.
Mr MacLaren, who also owns the family farm in the county of Clonmel, said he was “very pleased” to have found the farm.
“We want to do this in a sustainable way,” he added.
“This is a great opportunity for our community, and the Knowland family has shown it’s got the experience to do it.”
The family’s land will be sold to the company and a new, privately owned farm is being set up at Knowllands in Cork, the company said.
The farm is also to be owned by the Knowlas family, who are not shareholders.
“Today is the day of the knowlases family,” Mr Maclaren said.