852.15 Acres in Corcoran, CA - $25,500,000

+/-852.15 Acres - Almonds, Pistachios, Alfalfa, and Open Land - Corcoran

+/-852.15 Acres Almonds, Pistachios, Alfalfa, and Open Land Corcoran

Location: The full +/-852.15 Acres is located in Corcoran, CA. +/-818 acres is located south of Whitley avenue and on the east and west sides of 7th avenue. The remaining +/-33 acres is located south of Nevada Avenue and east of Highway 43.

Plantings

+/-156 Acres of Independence Almonds on Nemagard rootstock planted in 2015 and 2019

+/-152 Acres of Kerman Pistachios on UCB1 rootstock planted in 2006,2007, and 2008

+/-140 Acres of Lost Hills Pistachios on Platinum and UCB1 rootstock planted in 2020 and 2021

+/-163 Acres of Golden Hills Pistachios on UCB1 rootstock planted in 2013, 2015, and 2017

+/-160 Acres of Alfalfa planted in 2020

+/-80 Acres of Corn planted in 2021

Water: +/-818 acres are located in and receive deliveries from Corcoran Irrigation District. The remaining +/-33 acres has a 500 HP pump and well th...

Water: +/-818 acres are located in and receive deliveries from Corcoran Irrigation District. The remaining +/-33 acres has a 500 HP pump and well that distributes water to the +/-818 acres but is not a part of Corcoran Irrigation District.

Well is 2,000 feet deep and was drilled in late 2013. Started pumping in 2014 and has a 500 HP motor. Well has a soft start and is metered. Drip system with a 40 HP pump and 5 tank sand media filtering system and is metered. Has a sulfuric acid system and a 5 HP chemical injection system with drop control automation

Drip system with a 40 HP pump and 5 tank sand media filtering system and is metered. Has a water solvent system and a 5 HP chemical injection system with drop control automation.

Drip system with a 15 HP pump and 3 tank sand media filtering system. It has a water solvent system and is metered.

One (1) 75 HP pump and two (2) 25 HP pumps. 9 tank sand media filtering system and is metered. Has a water solvent system and two (2) 5 HP chemical injection pumps with drop control automation.

Drip system with a 30 HP pump and 4 tank sand media filtering system and is metered. Has a sulfuric acid injection system and a 5 HP chemical injection system also with drop control automation.

500 HP electric motor and 2,000 feet deep well that pumps 3,000 GPM. Soft start with no VFD. Electrical components are installed and waiting on PG&E connection. Well was drilled in early 2020. Drip system has a 15 HP pump and sand media filtering system and is metered. It has a sulfuric acid system with drop control automation.

No domestic well. Both houses use city water.

Soil: +/- 263.1 Acres: Armona loam, partially drained

+/-222.9 Acres: Lakeside loam, partially drained

+/-161.3 Acres: Homeland fine sandy loam, partially drained

+/-65.4 Acres: Grangeville sandy loam, saline-alkali

+/-55.5 Acres: Vanguard sandy loam, partially drained

+/-26.3 Acres: Goldberg loam, drained

+/-24.6 Acres: Gepford clay, sandy substratum, partially drained

Irrigation system specifically engineered for each soil type and electro-conductivity level.

Remarks

Marc Schuils August 31, 2021 phone interview with Gene Kilgore, manager of Corcoran Irrigation District.

CID has approximately 43,000 acres of which approximately 39,000 are farmed at any one year. Typically with a winter crop and with a summer crop. Kilgore says most farmers in his district do not double crop. CID typically delivers 65,000 acre feet of water via pumped well water. (Approximately 1.5 acre feet pumped well water per acre). CID has not yet taken a firm position on safe yield; however, when pressed, Kilgore said he estimates the safe yield for his district will settle in around 1 acre foot per year. (Note: other districts have estimated 6 to 9 of safe yield however, Kilgore was pretty confident of his number of 1 of safe yield). CID typically delivers 1 acre feet of surface water. The main source of this surface water is Kings River water, however, CID has access to Friant water (purchased from others CID is not a contractor) and Kaweah water. Kilgore sometimes referred to the surface water as summer water. CID had summer deliveries until August 25th of this year when other districts did not. Kilgore recommends planting no more than 70% of the land to permanent plantings and that Corcorans heavier soils take less water than sandy soils. CID is a large district with a majority of the acreage in open ground. There will be opportunities to rent open ground for the CID water delivery rights.