Hwy 198 - +/-1,096.23 Ac. Almonds & Open Land 1,096.23 Acres of Agricultural Land Offered at $23,660,845 CAD in Huron, CA 93234

Location The majority of the land, +/-633.25 acres, is located between HWY 198 and West Mitchell Avenue and between South Goldenrod Avenue and South Howard Avenue, in Huron, Fresno County, CA. There are +/-47.42 acres located on the south side of West Mitchell Avenue just east of the California Aquaduct, in Huron, Fresno County, CA. There is also +/-258.16 acres north of Milham Ave and east of the California Aquaduct, just northwest of Kettleman City, in Kings County, CA. Size +/-1,096.23 Assessed acres Plantings and Land Use +/-632.23 acres are planted to Almonds: +/-317 acres planted in 2016 to 50% Nonpareil and 50% Independence almonds +/-160 acres planted in 2014 to 50% Nonpareil, 25% Wood Colony, 12.5% Aldrich, and 12.5% Monterey almonds +/-155 acres planted in 2012 to 50% Nonpareil, 25% Wood Colony, and 25% Monterey almonds +/-464 acres of Open Ground: Huron: +/-206 acres (historically farmed to row crops: Cotton, Melons, and Garlic) Kettleman City: +/-258 acres (previously planted to almonds) Water The properties are located within Westlands Water District with priority allocation and are supported by four (4) agricultural wells. The almond orchards are irrigated with dual-line drip. The sale includes over 3,700 acre-feet of groundwater pumping credits. Soil The properties all feature Grade 1 – Excellent soil. See ‘Soil Maps’ and ‘Soil Descriptions’ for details. Solar As of March 2024, the landowner currently is under contract for the opportunity of a long-term solar lease on two of the parcels (+/- 316.68 Acres). The 2012 and 2014 almond plantings. The option term is ten (10) years from the Agreement Effective Date (3/30/2024) with the following terms/payments: Year 1-2: $50/acre Year 3-4: $75/acre Year 5-6: $100/acre Year 7-8: $125/acre Year 9-10: $150/acre If/Once the option is executed, the solar developer will be responsible for orchard removal at their expense, as well as paying the following terms: $1,500/acre annual rent with an annual 2.5% escalator. The landowner will retain access to the wells, ground water pumping credits, as well as WWD allocation on the Solar Option APNS. Legal Fresno County APNs: 068-120-48S, 068-120-47S, 068-120-46S, 068-120-38S, 068-120-70S, 068-120-69S, 068-120-65S, 068-120-08, and 068-111-36S Kings County APN: 038-240-066 Groundwater Disclosure Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA may limit ground water pumping. For more information, please visit the SGMA website at https://water.ca.gov/programs/groundwater-management/sgma-groundwater-management. The Buyer is responsible for conducting their own research to verify all information related to groundwater and surface water resources, including availability, usage rights, and potential restrictions.