Colusa County Almonds

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Morgan Houchin. 3430 Unicorn Road Bakersfield, CA 93308 mobile office efax 526.97 +/- Acres of Colusa County Almonds Cork McIsaac, Broker. Broker License No. 01216717 P.O. Box 1076 West Sacramento, CA 95691 mobile office efax

LOCATION Property is located one-half (½) mile to the east of the intersection of Hahn and Lone Star Road on the north side of Hahn Road approximately two and one-quarter (2 1/4) miles to the north of the City of Arbuckle in the County of Colusa and State of California. DESCRIPTION This offering is located in the desirable farming area of Colusa County, California and consists of 482.58 +/- net acres of producing almonds planted in 2009 and 2005 on Class I & II soil(s) and water is supplied via four (4) irrigation wells. LEGAL Colusa County Assessor Parcel Number: 018-180-052; Portion(s) of Section(s) 14 and 15; Township 14 North; Range 2 West; MDB&M ALMONDS Field 230 205.80 +/- net acres planted in 2005 (50% NP, 25% Carmel, 12.5% Butte, 12.5% Aldrich, Nemaguard Rootstock, 22' x 16' spacing) Field 231 276.78 +/- net acres planted in 2009 (50% NP, 50% Monterey, Nemaguard Rootstock, 24 x 15 spacing) IRRIGATION The property has a total of four (4) irrigation wells referred to as well no(s). 1, 2, 3, and 4. The irrigation wells are equipped with a 200HP, 75 HP, 300 HP, and 300 HP respectively. (Please see the below summary of irrigation well information as provided by Seller.) Well #1 200 HP, electric motor, 576 total well depth, drilled in 1984, 56 SWL, 84 PWL, 1,350 GPM as reported via prior pump test reports Well #2 75 HP, electric motor, 324 total well depth, drilled in 1985, 33 SWL, 66 PWL, 650 GPM as reported via prior pump test reports Well #3 300 HP gearhead, diesel engine, 600 total well depth, drilled in 2009, 70 SWL, 176 PWL, 3200 GPM as reported via prior pump test reports Well #4 300 HP, electric motor, 1000 total well depth, drilled in 2016, 77 SWL, 2,500 GPM as reported via prior pump test reports Field 230 is irrigated via a single drip line irrigation system & Field 231 is irrigated via a double line irrigation system. PRODUCTION The five (5) year production history average is 2,342 lbs per net acre for the subject property. For Field 230, the five (5) year production history is 2,426 lbs per net acre with the average of 2,688 lbs per net acre for the NP variety. For Field 231, the five (5) year production history average is 2,280 lbs per net acre. SOILS 73 +/- % (102) Capay clay loam, 0% percent slope, low precip, MLRA 17, Class II 23 +/- % (193) Westfan gravelly loam, 0 to 2% slope, Class II 3 +/- % (127) Mallard clay loam, 0 to 1% slope, Class II 1 +/- % (188) Westfan loam, clay substratum, 0 to 2% slopes, Class I PRICE/TERMS $15,809,100 ($30,000 per gross acre) with the 2018 almond crop included in the purchase price subject to Buyer s reimbursement of Seller s cultural cost expense from the 2017 post-harvest irrigation including harvest until close of escrow. Buyer shall agree to an assignment of Seller s almond crop at Vann Family Orchards and Processing (All cash to be paid at the close of escrow). $14,755,160 ($28,000 per gross acre) without the 2018 almond crop included in the purchase price (All cash to be paid at the close of escrow). CONTACT Cork McIsaac, Broker. Morgan Houchin.

PHOTOS

PHOTOS

LOCATION MAP E St Williams 20 Sycamore Meridian Colusa 45 Genevra SUBJECT PROPERTY Grimes Arbuckle College City

AERIAL MAP Deep Well 4 Field 231W Field 231E Deep Well 3 Field 230W Field 230E Deep Well 2 Deep Well 1

SOIL MAP Map unit symbol Map unit name Rating 102 Capay clay loam, 0 percent slopes, low precip, MLRA 17 CALIFORNIA REVISED STORIE INDEX (CA) Component Name (percent) Acres in AOI Percent of AOI Grade 2 - Good Capay, clay loam (90%) 395.6 73.2% Capay, clay (5%) Capay, clay loam, occasionally flooded (1%) 127 Mallard clay loam, 0 to 1 percent slopes Grade 2 - Good Mallard, clay loam (85%) 14.2 2.6% Capay, clay loam (7%) 188 Westfan loam, clay substratum, 0 to 2 percent slopes Grade 1 - Excellent Westfan, loam, clay substratum (80%) Westfan, loam (10%) 3.4 0.6% 193 Westfan gravelly loam, 0 to 2 percent slopes Grade 2 - Good Westfan, gravelly loam (80%) Arand, very gravelly sandy loam (5%) 127.3 23.5% Mallard, clay loam (4%) Totals for Area of Interest 540.4 100.0%