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Richfield Prunes, Pistachios & Walnuts
Corning, California


 

Summary Prospectus:                Download Complete Brochure     

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Property Photos | Assessor Parcel Map | Enplan Parcel Map | NRCS Soils Map | Property Profiles | Orchard Details

 

 

 

Property: 210 assessed acres, approximately 174 acres planted to bearing prunes and non-bearing pistachios and walnuts. Primarily Class 1 & 2 level soils irrigated using 3 groundwater wells. Want 294 acres in Richfield with good soil, water and climate? Under separate agreement, we have 84 additional acres of Class 1 soil listed for sale only a 4 minute drive from this offering. Call for details.

Location: Between Corning and Red Bluff, south of Thomes Creek, within the community known as Richfield. The community is a mix of agricultural and rural home sites. The east property line fronts Walnut Road and the south property line fronts Orangewood Road. Both roads are County paved roads.

Water: Irrigation water is provided using 3 groundwater wells. The south well drilled in 2015 was completed to 267 feet and is setup with a 50Hp turbine & VFD electric panel. In 2017, new submersible pumps were installed in the east well (40Hp) and west well (20Hp).

Irrigation: Depending upon the block, the orchards are irrigated using double drip lines, drip line with micro, fan jet or rotator. A small block is flood irrigated.

Soils: Per Natural Resources Conservation Service, approximately 40% of the farm has Class 1 soil, Wy - Wyo Loam. 46% has Class 2 soils, AvA - Arbuckle Gravelly Loam. 11% has Class 3 soils, KoB - Kimball Gravelly Loam Class III. The balance of the soils are Class 4 soils and lands within a seasonal creek or county road.

Prunes: Approximately 120 acres planted to bearing French prunes. 20 acres planted in 2013, 80 acres planted in the 1990’s and 20 acres planted in the 1980’s. Tree stand is in the 90% with replants in place. Tree spacing varies by blocks. Blocks are level to grade. 2017 total production was 328.3 dry tons, 2.73 tons per acre.

Pistachios: Approximately 40 acres of Kerman pistachios planted in 2017 on UCB1 rootstock w/ 5% pollinators. Topography is sloping to undulating. Tree spacing is 17’ x 19’, 134 trees per acre. Trees are on a continual program of training and tying. Irrigation is provided by a double line drip system. Trees are recognized as an excellent planting by crop experts.

Walnuts: Approximately 14 acres of Chandler walnuts planted in 2015 on paradox rootstock. Tree spacing is 18’ x 27’, 90 trees per acres. Topography is level to grade. Irrigation is provided using above ground drip line w/ micro sprinklers spacing at 36’ x 27’. Trees are in good condition, near 100% tree stand.

Grazing Land: Approximately 20 acres within a seasonal creek is perimeter fenced.

Fruit Orchard: Broker estimates an acre is planted to Peaches, Apricots, Nectarines, Cherries, Pomegranates and Persimmons. Seller reports these trees are a big hit with employees and family.

Zoning: Tehama County Parcel Numbers 067-251-019 (93.24 acres), 067-251-020 (23.28 acres) & 067-251-021 (93.48 acres). The property is zoned AG-2, Ag Preserve, 40 acre minimum. This zoning may help to minimize future property taxes.

Mineral Rights: Oil, gas and minerals rights owned by Seller are included in the sale.

Buildings: Buildings include a 800 sq. ft. wood framed, metal roof and sided shop with adjacent equipment shed. Nearby is an area used for a vegetable garden.

Depreciation: Improvements such as the trees, wells, irrigation systems may offer depreciation advantages to a prospective Buyer.

Comments: Opportunity to purchase 210 acres of land planted to French Prunes, Kerman Pistachios & Chandler Walnuts which is not burdened by homes or excessive improvements. This orchard is located in one of the best groundwater areas of Tehama County and an area known for orchard production.

Listing Price: $4,225,000 cash to Seller. Buyer to cooperate with Seller’s intention to purchase replacement property using a 1031 tax deferred exchange. SOLD


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.

 
   

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