Agricultural Real Estate Professionals

SOLD – 140.74 Acre Pistachios

Sold

$5,207,380

Property ID:

None

Area

140.74 Acres

Description

This opportunity is 140.74 +/- acres on one parcel and offers income and depreciation. This ranch has two sources of water, and is a well established pistachio planting that offers income and possible tax benefits. This property has excellent soils and is in close proximity to processing plants.

Additional Details

Parcel Numbers: Kern County 044-080-42
Zoning: A - Intensive Agriculture (Minimun 20 Acre Parcel Size)
Crops: 40 +/- acres pistachios planted 1980 at 18’ x 16’ (Kerman / Pioneer Gold) 95 +/- acres pistachios planted 1981 at 18’ x 16’ (Kerman / Pioneer Gold)
Soil: According to USDA California Revised Storie Index, Grade 1 soils; see attached soils map for description.
Water & Irrigation: This ranch has both district and well water. There is an irrigation well that is equipped with a 50 HP electric motor and pumps 500 GPM. Additionally, the ranch is located in the Lost Hills Water District and is entitled to receive 641 acre feet of Class 1 water. The well and canal lift pump are plumbed to deliver the water through the filters to the irrigation system. All the pistachios are irrigated with dual line drip.