16029 Ave 136, Tipton, CA 93272

Location

The subject property is located adjacent to 16029

Avenue 136, Tipton, CA 93272 approximately 5 miles east of Highway 99, south of Avenue 136 and on the east and west sides of Road 160.

Description

Description This opportunity is 685.67 +/- acres on nine parcels with 423.5 net acres of almonds, and approximately 230 acres of open land with a 45 acre sand pit. The property has multiple water sources; 6 irrigation wells, and surface water through Lower Tule River Irrigation District. This ranch offers long term sustainable income and potential tax benefits.

Parcel #’s

Tulare County APNs 300-130-002, 015, 016, 025 & 300-080-021, 022 & 300-140-001, 002, and 020

Zoning

AE40 - Exclusive Agriculture - 40 Acre minimum parcel size

Crops

Approximately, 292 acres of high yielding almonds (spaced at 22 x 16), and 131.5 acres of young almonds (spaced at 22 x 14). The almonds are 50% Nonpareil, 25% Monterey, and 25% Wood Colony, (see ranch map), and the historic production is on page 8 of flyer.

Soil

According to USDA California Revised Storie Index,

Class 1 soils; see attached soils map for description.

Water & Irrigation

This entire ranch lies within the boundaries of and receives surface water from Lower Tule River Irrigation District. Seven turnouts on the canal give options for sending water across the property. The Lower Tule surface water has sources from both the Friant Canal as well as the Tule river giving it a strong allocation. In addition to surface water, Lower Tule has a great recharge capability for the district as a whole, which helps with SGMA requirements in the future. The almonds are irrigated with canal lift pumps, reservoirs, booster pumps, filter stations and fan jet systems.

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

$24,500,000 ($35,731/acre) cash at close of escrow.