AAA&D Almond Orchard, Glenn County, CA

Water: Irrigation water is provided by (2) agricultural wells on the north property line. The west well with 16” casing was drilled in 2006 to a depth of 550 feet. At drilling, it tested at 2,000 to 2,500 gpm. It has a 10” turbine pressure pump, (6) cylinder Cummings diesel engine and 200 HP Johnson Gear Drive. Depending on engine throttle setting, this well typically has an output of 2,000 to 2,200 gpm. The well-site is fenced, has a concrete slab, metal roof cover, fertilizer tank and injection equipment. The east well was drilled in 1940’s and deepened in the 1950’s. It has a single 20 HP flood turbine pump with a 30 HP booster pump capable of pressurizing approximately 1,000 – 1,200 gpm. Water for the farmstead is provided by a domestic well with submersible pump near the southeast corner of home.

Irrigation: Underground PVC solid set irrigation systems with Nelson R2000 rotators or Nelson R-10 rotators. The orchards can be irrigated in (4) sets or all at once since the systems are interconnected. All blocks are well drained to a center north south drain within which are (2) ponds with sump pumps to retain and reuse water. The south 30 Hp sump pump is connected to the irrigation systems

Soils: Per Natural Resources Conservation Service, the soils are rated Class 2. Approx. 70% are Tm; Tehama silt loam and 30% are Tb; Tehama loam. Both soils are very conducive to growing almonds. Topography is level to grade.

Almonds: Approximately 145 acres are planted to producing 12 and 13 year old almonds. They were planted in 2005 and 2006. 50% of the trees are Nonpareil. Butte, Monterey and Carmel make up the other varieties. Tree spacing is 16’ X 22’ which equals 124 trees per acre. The tree stand is 99% or better with replants made timely and doing well. 2017 production was 2,470 meat pounds per acre. The (3) year average annual production is 2,369 meat pounds per acre. The crop is marketed through Riverwest Processing, Inc. located at Ord Bend on Highway 45 in Glenn County. The 2018 crop appears to have set well and Landlord’s 18% crop share is included within the sale provided escrow closes prior to August 1, 2018.

Zoning: Glenn County assessor Parcel Numbers 024-070-007 (86.00 acres) and 024-070-008 (70.36 acres). The property is zoned AE-40; Agricultural Exclusive, 36 acre minimum. None of the parcels participate in the Williamson Act also known as the Ag Preserve. Per FEMA Panel, the property is located in an “X” flood zone and is not in a hazard flood zone inundated by 100 year flooding.

Home: The ranch style home shows pride of ownership and is partially landscaped. Per Assessor, it was built in 1965, has 1,624 sqft of living space, 3 bedrooms, 2 bathrooms, partial basement and attached (2) car carport. Although not recently updated, it is in good condition. The home is all electric for utilities to power a central heating and air conditioning system. Water is provided by a domestic well and submersible pump.

Outbuildings: Main Shop: 2,400 sqft., metal siding and roof, wood frame, concrete floor, 220 power. Storage Building: 2,400 sqft., metal siding, roof and framing, gravel floor, (2) roll-up doors (one has electric motor opener), (1) man door. Storage Barn: 2,703 sqft., metal siding and roof, wood frame, gravel floor. Garage: 900 sqft., metal roof, wood siding and framing, concrete floor. Equipment Shed: 640 sqft., wood frame and partial siding, gravel floor. Barn: 1800 sqft., wood frame, metal siding and roof, gravel floor. Storage Barn: 289 sqft., metal siding and roof, wood frame, concrete floor

Lease: An experienced, local Tenant farmer has the orchard leased. Landlord receives 18% of gross sales of almonds, hulls and wood. The original lease term continues until the harvest and removal of the crops grown on the leased premises for the crop year 2026, but no later than 12/31/2026. Tenant has the option to extend lease for one term of (5) years. Except for use of the Storage Barn and a portion of farmstead adjacent to Storage Barn, the home, other structures and balance of farmstead are reserved by Landlord.

2018 Crop: Seller’s, 18% Landlord’s share of the 2018 almond crop is included in the sale provided escrow closes prior to August 1, 2018.

First Refusal: If Landlord should desire to sell the premises during term of the lease, including the optional extension of the term, and provided Tenant is not in default hereunder, Tenant shall have a right of first refusal, exercisable for 30 days after written notice on intention to sell, to purchase the premises on the same terms and conditions as any binding offer Landlord shall have received from a non-family third party for the premises. If Landlord should sell the premises during the term of this lease, Tenant will be permitted to complete the lease agreement, unless mutual agreement has been worked out to Tenant’s satisfaction.

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

Depreciation: Improvements such as the trees, wells, irrigation systems and farm buildings may offer deprecation advantages to a prospective Buyer.

Comments: This opportunity is well suited for a Buyer seeking to diversify their investments by purchasing quality farmland planted to producing almonds with good well water and leased by an experienced local farmer.