Property:             222 +/- acres of farmland, ready to be developed with multiple options of permanent crops, such as; walnuts, almonds, prunes, pistachios, pecans, or olives.

Location:             The property is located on both sides of Rawson Rd, southwest of Corning, CA.

Primary Home:   The primary home and surrounding olive orchard are not included in the lease.  

Soils:                    Nearly 2/3 of the soils are rated class II; Tc (Tehama silt loam), AvA (Arbuckle gravelly loam) and TaA (Tehama loam).  The class III soil is Pm (Perkins-Kimball gravelly loams).  The property has a minor amount of class IV soils in the Cortina complex.

Water:                  18+/- acres are within the Corning Water District (CWD).  CWD has advised that it may be possible to annex additional acreage into CWD. Tennant shall be responsible to develop additional irrigation water and irrigation systems as desired.

Topography:       The northwest side of the property drains to the south east side of the property. The west side drains to the east side of the property as well. The Sacramento River is located approx. 6 miles east of the property.

Zoning:                Tehama County Assessor Parcel Number 069-240-11, 087-030-04, 05, 06, 087-040-01, 15, 16, 17 (222+/- acres).  Parcel is zoned EA-B:871 Exclusive Agriculture, 20 acre minimum.   The current property taxes total $3,678 approx. per year.

Mineral Rights:   Oil, gas, minerals & water rights are not included in lease.

Proposed Lease Terms:

1)    Tenant pays all costs to develop permanent crops including but not limited to well drilling, installation of irrigation systems and planting the crops.

2)    Permanent crops to be developed include but not limited to walnuts, almonds, prunes, pistachios, pecans or olives.

3)    Tenant pays all costs to produce permanent crops including but not limited to fertilization, pest/weed control, irrigation, harvesting and processing.

4)    20 to 25 year initial term.

5)    Tenant to pay lessor the greater of minimum cash rent per farmable acre or share of gross crop revenue.

6)    Minimum annual cash rent shall be in advance.

7)    Should share of gross crop revenue be greater than minimum cash rent, the balance due is payable to Lessor upon Tenants receipt of final crop payment.

8)    Lessor to pay real property land taxes.

9)    Tenant to pay property taxes on improvements installed.

10) Tenant to have right of first refusal to purchase the property.

11) Lessor to have right of termination provided lessor pays tenant unamortized portion of the amount expended to develop the permanent plantings including interest and management fee.