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SOLD Opportunity to purchase +/- 210 acres of land planted to French Prunes and Chandler Walnuts which is not burdened by homes or excessive improvements. This orchard is in one of the best groundwater areas of Tehama County and an area known for its high yielding orchards
Property: Approximately 210 acres planted to bearing prunes and walnuts, and nonbearing pistachios. Primarily Class 1 & 2 level soils irrigated using two groundwater wells.
Location: Between Corning and Red Bluff, in a small town known as Richfield, CA. 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 two groundwater wells. In 2015, an additional well was drilled to supply water to the new pistachio orchard. This well is powered by a 50hp electric motor and VFD. 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 lines 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. See the attached soil map.
Prunes: Approximately 120 acres planted to bearing French prunes. 20 acres planted in 2013, 80 acres planted in the 1990s and 20 acres planted in the 1980s. Tree spacing varies by blocks. Blocks are level to grade. 2017 total production was 328.3 dry tons, 2.73 tons per acre.
Walnuts: Approximately 14 acres of Chandler walnuts planted in 2015 on paradox rootstock. Tree spacing is 18’ x 27’, 90 trees per acres. The topography is level to grade. Irrigation is provided using above ground drip line w/ micro-sprinklers spacing at 36’ x 27’. Trees are healthy and look extremely uniform.
Pistachios: Included in this property is about 40 acres of pistachios and a separate well that has a high-value VFD system. They were planted in 2017 with a double line drip system. They are Kerman variety on UCB1 rootstock with a 17’ x 19’ spacing.
Grazing Land: Approximately 17 acres within a seasonal creek is perimeter fenced.
Fruit Orchard: Roughly one acre is planted to Peaches, Apricots, Nectarines, Cherries, Pomegranates and Persimmons. These trees are here for the owner and employee's benefit.
Zoning: 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 the Seller are included in the sale.
Buildings: Buildings include an 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.
Listing Price: $4,800,000 cash to Seller. Buyer to cooperate with Seller’s intention to purchase replacement property using a 1031 tax-deferred exchange.
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