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AG-LAND Investment Brokers             

                                              275 Sale Lane, Suite 2  - P.O. Box 896 - Red Bluff, CA 96080

                                                                                Phone (530) 529-4400 Fax (530) 527-5042                           

                                                                                                                     


SOLD.......WE NEED ADDITIONAL ORCHARD LISTINGS OF THIS QUALITY

Summary Prospectus:                                                               

 

Thomes Creek Ranch

Tehama County, California

 

 

Listing Price:       $1,250,000, approx. $4,663 per total acre.

 

Property:              268 +/- total acres.  201 +/- acres farmable consisting of 140 +/- acres of rice, 45 +/-acres planted to flood irrigated pasture and 16 +/- acres of open farmland.  The balance of the acreage is comprised of native rangeland with large Valley Oaks, seasonal pond, farm roads and ditches plus several locations for an attractive homesite.

 

Location:              The property is in Tehama County, California (N) of Corning and (S) of Red Bluff.  It lies about 1 mile east of the Sacramento River, north of Thomes Creek on the west side of Hall Road just 1.2 miles south of the intersection of Hall and Gyle Roads.

 

Rice:                     140 +/- acres are developed for rice production.  The property has 172 +/- acre rice base.  For the 2007 year, the government rice direct counter cyclical payments exceeded $24,000.  2007 rice production is estimated at 84 cwt per acre on the 87 +/- acres planted.  Seller is budgeting 2007 rice crop gross income at $109,000 and 2007 rice direct payment at $24,000 for a total of $133,000 for the 2007 rice crop.  The rice is marketed to Farmers Rice Cooperative.

 

Pasture:                45 +/- acres are planted to established irrigated pasture.  The pastures perimeter and crossed fenced for cattle.  They are flood irrigated using PVC pipeline and risers.  Livestock water is supplied by a 6” cased well with electric 1 Hp submersible pump.  Seller runs their own purebred Angus cattle on the pastures.  Cash rents for irrigated range from $100 to $125 per acre with the tenant responsible for all operating expenses.  Leased out the pasture cash rent should range from $4,500 - $5,400 per year.

 

Soils:                    The majority of the soils types are class II.  The class II soils are Altamont Clay, Arbuckle Gravelly Loam, Perkins Gravelly Loam and Tehama Loam.  The balance of the soil is a Kimball Loam, a class III soil.

 

Water:                  Irrigation water is provided by a 16” cased AG well completed to a depth of 420’ and powered by a 130 hp natural gas engine.  Buyer will need to convert to propane, or change to an electric or diesel motor as Seller’s arrangement to utilize the neighbors private natural gas line terminates on sale.  The AG well production is estimated at 2,500 +/- gpm with a pumping water level of 76 feet.

 

Zoning:                 EA-AP, 40 acre minimum.  EA= Exclusive Agriculture, AP = Agricultural Preserve (Williamson Act Contract).  Tehama County Assessor Parcel Number 067-110-04.  Current real property taxes are $1,583 per year.

 

Waterfowl Hunting:      After rice harvest, Seller typically floods the rice fields and leases them for waterfowl hunting.  Typically, Seller earns $8,000 per year for the (4) blinds ((3) 2 man & (1) 4 man) plus use of a small hunting cabin located on the property.

 

Topography:        Flat to rolling.  The property offers exceptional views of Mount Shasta and Lassen Peak plus wide views of the western and eastern mountain ranges.

 

Mineral Rights:   100% of all oil, gas and minerals are reserved by a previous owner.

 

Improvements:     Except for a small hunting cabin, this property has no buildings.  3-phase power is on the property and serves the livestock well.  There are several attractive areas amongst the Valley Oak trees to build a home and other necessary buildings.  Fargo Ranch, an upscale rural subdivision with 20 acre lots adjoins the ranch on the north.

 

Depreciation:       The improvements on this property such as the wells, irrigation systems and fencing may offer significant deprecation advantages to a prospective Buyer.

 

Crop:                   All crops are excluded from the sale.

 

Comments:          With some land leveling, the rice fields could be converted to land suitable for additional irrigated pasture.  Further, the class II & III soils located on this property maybe suitable for almonds, prunes, olives, pecans or other crops.

 

Bert Owens, California Brokers License Number 01707128

530.529.4400, office

530.524.4900, cell

bert.owens@aglandbrokers.com, email

www.aglandbrokers.com, website

 

Sam Mudd, California Realtors Number 01710463

530.529.4400, office

530.949-4054, cell

sam.mudd@aglandbrokers.com, email

www.aglandbrokers.com, website

The information contained herein is from sources deemed reliable, however, accuracy is not guaranteed. AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence. This offering is subject to prior sale, price change or withdrawal from market without notice.
 


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