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WALNUT & PRUNE ORCHARD
SEALED BID OFFERING, TEHAMA COUNTY, CA

 
   

 

 

Property: 1,273 +/- total acres consisting of 984 acres of English walnuts and French prunes. Primarily class I & II level soils, (14) irrigation wells drilled in an area known for abundant and quality ground water. Each electric irrigation well is coupled with individual ground mounted solar arrays. The walnut huller & dryer and main shop have a roof mounted solar array, several useful shops & barns and (3) single family homes. The balance of the land consists of Sacramento River frontage and riparian lands, farm roads and farmstead areas.

Location: (6) separate orchards within Tehama County, California. The most southerly orchard is located 5 +/- miles (SE) of Corning, CA. The most northerly orchard is located 3 +/- miles (S) of Los Molinos, CA.

Walnuts: 789 +/- acres are planted to English walnuts on black and paradox rootstock. Varieties include Chandler (364 acres), Hartley (96 acres), Ashley (78 acres), Tehama (76 acres), Tulare (75 acres), Chico (47 acres), Vina (42 acres) and Howard (11 acres). Nearly 90% of the acreage is producing. 2015 average production is estimated at 4,025 in-shell pounds per acre. 2014 average production is estimated at 4,703 in-shell pounds per acre. The balance of the acreage will soon come into production.

Prunes: 195 +/- acres are planted to French prunes on 29C and 26/24 rootstock. Nearly 55% of the acreage is producing. For the 105 +/- acres producing, the 2015 average production is estimated at 1.7 tons per acre and the 2014 average production is estimated 1.5 tons per acre. Beginning in 2016, all of the prunes are expecting to come into production. Historically, Sunsweet Dryers dries the prunes and Sunsweet Growers markets the prunes.

Soils: The majority of the land planted to orchards consists of class I soils. The balance of the land planted to orchards consists of class II soils with minor amounts of class III soils.

Crop: 2016 crops are included with Buyer reimbursement of 2016 crop cultural costs from November 1, 2015 to close of escrow.

Water: The orchards are located in an area known for abundant and quality ground water. Irrigation water is provided by (14) irrigation wells, turbine pumps and electric drive motors, primarily VFD type.

Solar Arrays: Adjacent to each well are individual solar arrays producing most of the electricity used resulting in reduced charges from Pacific Gas & Electric Company (PG&E). Per recent PG&E CMT reports, PG&E charges to irrigate the 984 acres of walnuts and prunes was only $57.00 +/- per acre per year.

Irr. Systems: 80% +/- of the orchards are irrigated using buried solid set irrigation systems. The remainder are flood or drip irrigated.

Zoning: The primary zoning is AG-2, Agricultural/Valley District, 20 acre minimum. (4) orchards are in the Williamson Act and (1) orchard is zoned PF- Primary Flood Plain. One of the orchards is subject to a conservation easement.

Topography: The farmland is level to grade or mostly level with several seasonal sloughs. 1/2 of the orchards have Sacramento River frontage. Toomes Creek flows along the (S) edge of one orchard while Champlin Slough runs through another orchard. Mount Shasta, Lassen Peak, Coastal Range, Cascade Range and the Sierra Mountain Range are visible from most orchards.

Mineral Rights: All oil, gas, mineral rights and water rights owned by Seller are included within the sale.

Huller/Dryer: 80 +/- dry ton per day, designed and equipped to produce outstanding quality and grade sheets. Assuming a 30 day season, the plant has capacity to process production from all orchards with room for additional outside custom hulling and drying. Heat is provided by diesel fired burners with variable frequency drive fans. In 2014, a building extension was constructed allowing space for (2) new dry-side airlegs and loading of processed walnuts. The main electrical control panels were replaced in 2014. In 2015 a solar array was completed on the primary shop roof to produce most of the electricity used by the Huller/ Dryer resulting in reduced charges from Pacific Gas & Electric Company. Per recent PG&E CMT report, PG&E charges to operate the huller and dryer was $413.00 +/- per year.

Buildings: The primary shop in Corning is 4,500 +/- sqft metal framed, siding and roof and fully insulated. Attached is 4,500 +/- sqft of covered space also with concrete floor. The secondary shop in Los Molinos is wood framed, metal siding and roof with concrete floor. Each shop has a 10,000 gallon tank for diesel storage. Several smaller shops / barns are also located on the orchards. (2) wood framed homes and (1) modular home are also located on the orchards.

Depreciation: The improvements as the producing walnut and prune orchards, irrigation wells and systems, solar arrays, walnut huller & dryer, shops, barns and homes may offer depreciation useful to a prospective Buyer.

Equipment: All irrigation equipment and solar arrays are included in the sale. Mobile farm machinery is excluded but maybe available under separate agreement after close of escrow.

Exchange: Seller intends a tax deferred exchange. Buyer to cooperate without expense or delay to close of escrow.

Sealed Bid Offering: Buyer’s must submit executable “purchase and sale agreements” for the entire 1,273 +/- acre offering; or (2) separate agreements for the Los Molinos orchards and the Corning orchards; or (6) separate agreements for the individual orchards. Property showings start October 24, 2015 and end December 1, 2015. Executable “purchase and sale agreements” will be accepted until 3pm on December 2, 2015. Successful Buyers will be notified on December 9, 2015.

Comments: An agricultural property of this quality, size and water rarely becomes available in California. The orchards are located in an area known for abundant and quality ground water. This is a unique opportunity to benefit from a skilled orchardist’s lifetime of dedication, work and expertise resulting in the development of a quality orchard property.

 

Contact Info:       Please contact the Listing Brokers, Bert Owens or Sam Mudd.

 

 

 

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.

 
   

Northern California Agricultural Real Estate Specialists

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