Richfield Walnut Orchards

Property: 30 acres of Class I soils planted to producing Chandler walnuts, multiple irrigation wells and 35.7 Kwh solar array.

Location: The property is located 4 miles (N) of Corning, 2 miles (E) of Interstate 5, just 2 miles (W) of the Sacramento River. The address is 5900 Olive Road, Corning, CA 96021.

Water: In 2015, a 16” cased well was completed to a depth of 440’. This well with new pump bowls and 75hp motor allows the orchards to be irrigated in one set. A second irrigation well with 30 Hp submersible is also located on the parcel but is not currently needed or utilized. For domestic water, the parcel also has a 6” cased well with submersible pump near the solar array.

Soils: The soils are rated Class 1 by the Natural Resources Conservation Service. They include Os, Orland silt loam and Wz, Wyo silt loam. They are suited for walnuts or most any crop grown in Tehama County.

Walnuts: 27 acres of this parcel were planted in 2013 to Chandler on paradox rootstock. Tree spacing is 18’ x 25’, 97 trees per acre. Irrigation by solid set system with Nelson R10 sprinklers (25’ x 36’). 2022 production was 3,929 pounds/ acre.

Solar: In 2016, Chico Electric installed a ground mount 35.7 Kwh solar array. The array offsets the electricity cost to irrigate the orchards.

Zoning: Tehama County Parcel Number 067-320-026. Ag Preserve zoning often offers property tax savings, current taxes are $3,624 per year. Zoned EA-AP, Exclusive Agriculture, Ag Preserve, 40 acre minimum.

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

Depreciation: Improvements such as producing trees, wells, solar array and irrigation systems may offer deprecation advantages to a prospective Buyer.

Showing: Listing Broker to accompany all showings.

Listing Price: $790,000 cash to Seller.