Maywood Farms

Property Overview

  • Price: $5,550,000
  • Address: Corning, CA
  • Lot size: 263 +/- acres
  • Home Size: 2,848 sqft

Property Details

Property: 263+/- acres of highly productive soils with 177 acres planted to organic fig orchards and 51 acres planted to Chandler walnuts. Includes packing / cold storage facility, custom home & other useful outbuildings. Maywood Farms is primarily irrigated by productive groundwater wells and also has surface water rights from the Corning Water District. Located 4 miles (SW) of Corning with quick access to Interstate 5 (I-5).

Location: Southwest of Corning, CA. Exit I-5 on South Avenue, (W) on South Avenue; (N) on Rawson Road, (W) on Chittenden Road, (S) on Mount Shasta Avenue to end of the county road.

Fig Orchards: 177 +/- acres planted to organic figs. First planting in 1983, most recent planting 2013. The orchards are made up of multiple varieties. Acreage is divided up by 69% Black Mission, 14% Brown Turkey, 10% Kadota/Excel and 7% Adriatic. Primary tree spacing 22’ x 11’, (2) blocks at 25’ x 25’. Irrigated using groundwater wells through single and double-line drip. The 5-year production average is 5,505 lbs. per acre, 37% above UCCE statewide estimates. Within the orchards are sited (10) wind machines, (9) with new diesel engines which are thermostatically automated.

Fig Harvest: Harvest lasts from August through October. Figs are hand-picked, sorted, and packed primarily into Maywood Farms one-pint “open” basket containers, some are packed into Tehama Fig 8 oz clamshell. After packing, figs are pre-cooled, placed into cold storage and shipped to buyers promptly. Culls are sun dried on-site and sold through Valley Fig Growers Cooperative, some culls are sold locally for jam.

Packing/Cold Storage: The line is designed to sort, package, store, and load out fresh figs. Originally built in the late 1990s, the 4,636 square feet facility has had multiple additions. It includes two bay loading docks, 3,000 sq ft cold storage, 864 sq ft building extension (lean-to), 588 sq ft interior office, and 800 sq ft carport. Plus conveyance lines, hand sorting tables, packaging equipment and a backup generator. The facility has processed a 3-year harvest average of 997,528 lbs. See attached processing equipment schedule.

Marketing: Figs are primarily sold under the Maywood Farms label, some sold under the Tehama Fig label. Included with the sale are rights to marketing labels / logos and website www.maywoodfarms.com Ownership is willing to offer consulting after the sale for smooth transition with current customers and partners. The prospective buyer(s) will benefit from these established relationships.

Walnuts: 51 +/- acres planted in 1986 to Chandler walnuts on Black Walnut rootstock. Tree spacing is 22’ x 22’. Irrigated by groundwater well and micro- sprinklers. 5-year average production is 4,128 inshell pounds/acre, 2022 production was 4,826 inshell pounds/acre, 27% above Tehama County average production.

Water: Orchards are irrigated by groundwater wells. An important secondary surface water supply is available using multiple Corning Water District turnouts. The primary well in the (SE) corner was drilled in 1991 to a depth of 510’. It is a 12” cased well with a 100Hp electric vertical turbine pump supplying water to most of the figs and walnuts. The second well (W) of the road entering the farm was drilled in 2009 to a depth of 450’. It is an 8” cased well with 15Hp submersible pump. There are (2) domestic wells, one for the home and one for the processing facility and mobile home.

Automation: Irrigation wells/ pumps/valves plus the wind machines are controlled automatically. At each site is located solar panels and wiring to control their function.

Soils: The majority of the soils are rated Class 2 & 3 by NRSC, the balance are rated Class 4. The topography of the property is undulating. See attached NRCS soils map.

Owner Home: Nicely landscaped custom 2,848 sqft single-story home built in 1999, wood frame, tile roof, raised foundation with concrete covered crawl space. It has 4 bedrooms, 3 baths, central HVAC, solar heated pebbletec pool plus solar array.

Solar Systems: (3) arrays installed in 2015 totaling 116 KW. One array for the packing / cold storage facility, one for the primary irrigation well and third array for the home.

Zoning: Maywood Farms parcels total to 263.61 acres; 087-080-010-000 (10.00 acres); 087-080-011-000 (148.81 acres); 087-080-009-000 (16.31 acres); 087-080-008- 000 (8.75 acres); 087-080-003-000 (10.00 acres); 087-080-002-000 (29.74 acres); 087- 080-001-000 (40.00 acres). Except for the 10-acre home parcel, zoning is AG-AP. To be listed under an Agricultural Preserve (AP), it must be for agriculture-related use and have a 40-acre minimum lot area. Parcel number 087-080-010-000 is zoned W-Res, or residential zone.

Mineral Rights: A portion of minerals rights are previously reserved, those owned by Seller are included in the sale. Preliminary title reports are available for review.

Depreciation: Improvements such as the packing / cold storage facility, trees, wells, irrigation systems, homes and buildings offer prospective Buyer deprecation advantages.

Comments: Opportunity to purchase an established organic fig orchard with valuable customer relationships. Everything is ready for success, high producing orchards, packing / cold storage facility with office and experienced employees. To facilitate a profitable transition, Ownership is willing to consult with Buyer.

Showing: Do not disturb occupants. Listing Broker to accompany showings.

Listing Price: $5,550,000 cash to Seller


Sam Mudd, California Brokers License #01710463
530.949.4054
sam.mudd@aglandbrokers.com
Bert Owens, California Brokers License #01707128
530.524.4900
bert.owens@aglandbrokers.com

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