Earlimart Organic Table Grapes

640± Acres, EarlimartTulare County, California

•Organic Table Grapes • Tax Benefits •Quality Soils •Additional land to mitigate SGMA

Exclusively Presented By:

Price reduced

CALIFORNIA’S LARGEST AG BROKERAGE FIRM www.pearsonrealty.comCA DRE #00020875

DESCRIPTION: This 640± acre opportunity is located in the desirable farming of Earlimart, CA. The land is being farmed to; 77.64± acres of organic Great Green table grapes, 72.23± acres of organic Timpson table grapes, 142.86± acres of Sweet Sunshine table grapes that will be certified organic 8-25-19 (before harvest), 148.24± acres of Autumn King table grapes that will be certified organic 8-30-20, 82.7± acres abandoned Scarlet Royal table grapes, 82.9± acres abandoned table grapes, with the balance of the site consisting of reservoir, fenced equipment yard, loading docks, mobile home and roads. All active blocks have high gable trellis with young graftable root stock. The offering is well suited for continued organic table grapes, and/or redevelopment of abandoned block to other tables grapes, almonds, pistachios, blueberries, cherries, row crops, field crops, vegetable crops, or could assist with mitigating SGMA.

LOCATION: The property is on the north west corner of Avenue 72 and Road 176. Approximately 4± miles north east of Earlimart, 54± miles north of Bakersfield, 161± miles north of Los Angeles and 240± miles south of Sacramento.

LEGAL/ZONING: According to the Tulare County website the parcels are zoned AE-40 (Exclusive AG, min parcel size 40 acres) and is enrolled in the Williamson Act. APN’s: 319-070-003. Sec. 17 Township 23S, Range 26E, MDB&M.

SOILS: (California Revised Storie Index (CA)

92.1±% (108) Colpien loam, 0 to 2 percent slopes, Grade 1- Excellent

7.9±% (116) Flamen loam, 0 to 2 percent slopes, Grade 1- Excellent

PLANTINGS: Refer to planting map 2018 Variety Planted Acs Type Rootstock Plant Yr boxes/ac

Autumn King 148.24± Organic 8/30/20 Freedom 2010 1,499± Sweet Sunshine 142.86± Organic 8/25/19 Freedom 2010 1,279± Timpson 72.23± Organic Freedom 2015 1,212± Great Green 77.64± Organic Freedom 2015 717± Scarlett Royal 82.7± Not Farmed Vines not farmed 82.9± 606.57± WATER: The land is located Pixley Irrigation District (PID), but not in the service area. The site is classified as

excess land for Bureau of Reclamation purposes. PID’s assessment charge is $12.60±/acre in 2019. The farm has 2 wells equipped with; 150HP electric motor and 200HP diesel motor. Pump tests provided by Seller indicated: 1,395GPM dated 4-5-18, and 1,089GPM dated 3-17-17. Total output 2,484±GPM from all wells. The property is irrigated with drip irrigation via a reservoir with sand media filters.

PRICE/TERMS: $8,000,000 or $12,500± per acre, cash at close of escrow, plus reimbursement of agreed farming expenses toward the 2019 crop. Seller to retain any remaining mineral rights (if any). The Sweet Sunshine variety is subject to an exclusive growing agreement with a royalty. If the Buyer plans farm this variety after close of escrow a new agreement must be signed before close of escrow or the variety will be removed. Organic certification is with CCOS, Buyer will need comply with certification process which will include a management plan.

640± Acres $8,000,000($12,500±/acre)

Earlimart Organic Table Grapes

CALIFORNIA’S LARGEST AG BROKERAGE FIRM www.pearsonrealty.com

California Revised Storie Index (CA)

Map unit symbol Map unit name Rating Component name (percent)

Acres in AOI Percent of AOI

108 Colpien loam, 0 to 2 percent slopes

Grade 1 - Excellent Colpien (85%) 593.6 92.1%

116 Flamen loam, 0 to 2 percent slopes

Grade 1 - Excellent Flamen (85%) 51.0 7.9%

Totals for Area of Interest 644.5 100.0%

California Revised Storie Index (CA)—Tulare County, Western Part, California 640 acre Soil Map, prepared by Robb Stewart, AFM 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

3/20/2019Page 3 of 4

California Revised Storie Index (CA)

Map unit symbol Map unit name Rating Component name (percent)

Acres in AOI Percent of AOI

108 Colpien loam, 0 to 2 percent slopes

Grade 1 - Excellent Colpien (85%) 593.6 92.1%

116 Flamen loam, 0 to 2 percent slopes

Grade 1 - Excellent Flamen (85%) 51.0 7.9%

Totals for Area of Interest 644.5 100.0%

California Revised Storie Index (CA)—Tulare County, Western Part, California 640 acre Soil Map, prepared by Robb Stewart, AFM 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

3/20/2019Page 3 of 4

SOIL MAP

California Revised Storie Index (CA)—Tulare County, Western Part, California(640 acre Soil Map, prepared by Robb Stewart, AFM 661.303.2930)

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

3/20/2019Page 1 of 4

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Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 11N WGS840 500 1000 2000 3000

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MetersMap Scale: 1:13,700 if printed on A landscape (11" x 8.5") sheet.

Soil Map may not be valid at this scale.

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Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Visalia, California, United States

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Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Ducor, California, United States

0 mi 1 2 3 4Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

California, United States, North America

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Offices Serving The Central ValleyF R E S N O V I S A L I A B A K E R S F I E L D7480 N Palm Ave, Ste 101 3447 S Demaree Street 1801 Oak Street, Ste 159 Fresno, CA 93711 Visalia, CA 93277 Bakersfield, CA 93301559.432.6200 559.732.7300 661.334.2777

We believe the information contained herein to be correct. It is obtained from sources which we regard as reliable, but we assume no liability for errors or omissions.Policy on cooperation: All real estate licensees are invited to offer this property to prospective buyers. Do not offer to other agents without prior approval.

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Water Disclosure: The Sustainable Groundwater Management Act (SGMA) was passed in 2014, requiring groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. SGMA may limit the amount of well water that may be pumped from underground aquifers. Buyers and tenants to a real estate transaction should consult with their own water attorney; hydrologist; geologist; civil engineer; or other environmental professional. Additional information is available at: California Department of Water Resources Sustainable Groundwater Management Act Portal - https://sgma.water.ca.gov/portal/ Telephone Number: (916) 653-5791

LOCATION MAP

REGIONAL MAP

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