40.03 Acre Ps2 Madera Pistachios
Pistachios provide income and offer potential tax benefits
Marketing description
Location
The subject property is located 1/4 mile south of Avenue 21 on the west side of Road 27.
Description
This opportunity is a 40.03 +/- acre pistachio orchard that consists of one parcel. This orchard is professionally managed & maintained by a local farm management company. This ranch offers income and potential tax benefits.
Parcel #’s
Madera County APN: 029-160-004
Zoning
MHA - Manufactured Housing Architectural Review Overlayed District
Crops
Approximately 40 acres of mature producing pistachios planted in the 1970’s. The pistachios are Kerman variety on Atlantica rootstock. The tree spacing is 25’ X 13’. Yield available upon request.
Soil
According to USDA California Revised Storie Index the subject property consists of 100% Grade 3 soils; see attached soil map for description.
Water & Irrigation
This ranch is irrigated with water from the Madera Water District. A second source of water comes from Madera Irrigation District and is utilized when available. The water is delivered to the trees via a single line fan jet system.
SGMA
The Sustainable Groundwater Management Act passed in 2014 requires groundwater basins be sustainable by 2040 and requires Groundwater Sustainability Plans (GSP) by 2020. GSPs may limit the amount of well water pumped.
For more information go to https://water.ca.gov/Programs/Goundwater-Management/SGMA-Groundwater-Management
Price/Terms
$440,330 ($11,000 per acre) cash at close of escrow.
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