FOR SALE. FOR SALE /- Acres of Prime Almonds in LTRID and Saucelito Irrigation District. Morgan Houchin Tech Ag Financial Group, Inc.

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1 FOR SALE FOR SALE /- Acres of Prime Almonds Morgan Houchin P.O. Box 98 Buttonwillow, CA Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

2 FOR SALE - PRIME PRODUCING ALMONDS WITH DUAL SOURCES OF WATER LOCATION Property is located at the northwest and southeast corner(s) of the intersection of Road 168 and Ave 128 to the southeast of the City of Tipton in the County of Tulare and State of California. DESCRIPTION This unique /- gross acre offering consists of /- net acres of almonds that were planted in January of 2013 on a 22 x 18 tree spacing with varieties to include 50% Nonpareil, 25% Sonora, and 25% Independence. This young producing orchard is located in the desirable farming area to the east of Highway 99 in Tulare County, and has two (2) sources of water with surface water delivery from both Lower Tule River Irrigation District and Saucelito Irrigation District and a series of four (4) electric irrigation wells. LEGAL Tulare County Assessor Parcel Number(s): ; ; ; ; Portion(s) of SE 1/4 of Section 7; SW 1/4 of Section 8; NW 1/4 of Section 17; Township 22 South; Range 26 East; MDB&M PLANTING Block Plant Date Variety Rootstock Spacing Trees / Acre Net Acres 80 North 2013 Nonpareil Brights 5 22' x 18' North 2013 Sonora Hansen 22' x 18' North 2013 Independence Viking 22' x 18' South 2013 Nonpareil Brights 5 22' x 18' South 2013 Sonora Hansen 22' x 18' South 2013 Independence Viking 22' x 18' South 2013 Nonpareil Brights 5 22' x 18' South 2013 Sonora Hansen 22' x 18' South 2013 Independence Viking 22' x 18' East 2013 Nonpareil Brights 5 22' x 18' East 2013 Sonora Hansen 22' x 18' East 2013 Independence Viking 22' x 18' IRRIGATION Block(s) 80 North and 80 South are located within the boundaries of Lower Tule River Irrigation District (LTRID) and receive surface water delivery from the (LTRID) Casa Blanca Canal via District turnout For the 2018 crop year, as provided by the District, (LTRID) delivered spring season water on a first come, first serve basis and summer season water was delivered via an allocation equivalent to approximately.6 acre feet per assessed acre in the District. The (LTRID) water use summary report for turnout had a metered use of /- acre feet of water or.89 acre feet per net acre as of July 31st, The 2018 water use charge ranged between $65 per acre foot to $85 per acre foot of delivered water depending on the source of water, and a $38 per acre assessment that is due and payable to (LTRID) via two installments on December 21st and June 20th during the District s water year. Block(s) 80 North and 80 South received a total of /- acre feet of water or /- acre feet per net acre from (LTRID) for the 2017 crop year, and /- acre feet of water or /- acre feet per net acre from (LTRID) for the 2016 crop year. Block(s) 40 South and 40 East are located within the boundaries of Saucelito Irrigation District and receive surface water delivery from the District s A-lateral distribution pipeline via turnout(s) A-5.84 and A-5.5N The District reportedly consists of approximately 19,468 +/- irrigated acres subject to receive approximately 21,500 +/- acre feet of Class 1 entitlement and 32,800 +/- acre feet of Class 2 entitlement from the Bureau of Reclamation. For the 2018 crop year, the District delivered 85% of it s Class 1 entitlement, and approximately 6,302 acre feet of water from it s Class 2 entitlement combined with other sources. The 2018 water use cost was $60 per acre foot for Class 1 water, $41 per acre foot for Class 2 water, and landowners were subject to a $99 per acre total assessment. The property also has a total of four (4) electric irrigation wells equipped with a 60 HP, 75 HP, 150 HP and 300 HP motor respectively. There is an irrigation well located on each of the four (4) farm blocks. The 300 HP electric irrigation well located on APN: adjacent to the reservoir was recently drilled in May of The combined flow from all of the wells was 4,207 GPM or /- GPM per net planted acre as reported via a series of pump tests dated 3/30/18. The orchard is irrigated via a double line drip irrigation system with access points for both the irrigation main line and supply water line across both Road 168 and Ave 128 that are interconnected to a centralized 230 x 230 reservoir with a 25 HP & 50 HP booster pump, and a series of nine (9) filtration stations. PRODUCTION (AS REPORTED BY SELLER) 2014 Crop Year (2nd Leaf) net good meats / planted acre (hand harvested for Independence variety only) 2015 Crop Year (3rd Leaf) - 1, net good meats / planted acre across all varieties 2016 Crop Year (4th Leaf) - 1, net good meats / planted acre across all varieties 2017 Crop Year (5th Leaf) - 2, net good meats / planted acre across all varieties 2018 Crop Year (6th Leaf) - Not yet available from Seller s records SOILS 45 +/- % (137) Tagus loam, 0 to 2% slope, Class I 19 +/- % (108) Colpien loam, 0 to 2% slope, Class I 17 +/- % (114) Exeter loam, 0 to 2% slope, Class IV 13 +/- % (143) Yettem sandy loam, 0 to 2% slope, Class I 6 +/- % (130) Nord fine sandy loam, 0 to 2% slope, Class I PRICE/TERMS $8,957, ($38,000 per gross acre), which does not include the 2018 crop and the Buyer to reimburse the Seller for any agreed upon cultural costs spent towards the 2019 almond crop following the Seller s completion of the 2018 post-harvest irrigation. (All cash to be paid at the close of escrow). CONTACT Morgan Houchin () Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

3 SITE PHOTOS Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

4 LOCATION MAP Porterville Tipton Avenue Poplar-Cotton Center W Poplar Ave Veterans of Foreign Wars Mem Hwy SUBJECT PROPERTY All America City Hwy Rd 192 J Pixley Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

5 AERIAL MAP T.O BLOCK 80N /- AC PLANTED IN X 18 50% NP 25% SONORA 25% INDEPENDENCE 75HP Well BLOCK 80S 74 +/- AC PLANTED IN X 18 50% NP 25% SONORA 25% INDEPENDENCE 300HP Well BLOCK 40E /- AC PLANTED IN X 18 50% NP 25% SONORA 25% INDEPENDENCE Ave HP Well T.O. A HP Well T.O. A-5.5N 0.01 Rd 164 Rd 168 BLOCK 40S /- AC PLANTED IN X 18 50% NP 25% SONORA 25% INDEPENDENCE Rd 172 Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

6 PARCEL MAP Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

7 PARCEL MAP Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

8 SOIL MAP The Revised Storie Index is a rating system based on soil properties that govern the potential for soil map unit components to be used for irrigated agriculture in California. The Revised Storie Index assesses the productivity of a soil from the following four characteristics: Road 168 Factor A: degree of soil profile development Factor B: texture of the surface layer Factor C: steepness of slope Factor X: drainage class, landform, erosion class, flooding and ponding frequency and duration, soil ph, soluble salt content as measured by electrical conductivity, and sodium adsorption ratio Revised Storie Index numerical ratings have been combined into six classes as follows: Road 164 Avenue 128 California Revised Storie Index (CA) Summary by Map Unit Kern County, California Map Unit Symbol Map Unit Name Rating Component Name Acres in AOI Percent in AOI 108 Colpien loam, 0 to 2 percent slopes Grade 1 - Excellent Colpien (85%) % 114 Exeter loam, 0 to 2 percent slopes Grade 4 - Poor Exeter, 0-2% slopes (85%) % 116 Flamen loam, 0 to 2 percent slopes Grade 1 - Excellent Flamen (85%) % 130 Nord fine sandy loam, 0 to 2 percent slopes Grade 1 - Excellent Nord (85%) % 137 Tagus loam, 0 to 2 percent slopes Grade 1 - Excellent Tagus (85%) % 143 Yettem sandy loam, 0 to 2 percent slopes Grade 1 - Excellent Yettem (85%) % Road 172 Grade 1: Excellent (81 to 100) Grade 2: Good (61 to 80) Grade 3: Fair (41 to 60) Grade 4: Poor (21 to 40) Grade 5: Very poor (11 to 20) Grade 6: Nonagricultural (10 or less) The components listed for each map unit in the accompanying Summary by Map Unit table in Web Soil Survey or the Aggregation Report in Soil Data Viewer are determined by the aggregation method chosen. An aggregated rating class is shown for each map unit. The components listed for each map unit are only those that have the same rating class as the one shown for the map unit. The percent composition of each component in a particular map unit is given to help the user better understand the extent to which the rating applies to the map unit. Other components with different ratings may occur in each map unit. The ratings for all components, regardless the aggregated rating of the map unit, can be viewed by generating the equivalent report from the Soil Reports tab in Web Soil Survey or from the Soil Data Mart site. Onsite investigation may be needed to validate these interpretations and to confirm the identity of the soil on a given site. Totals for Area of Interest % Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.

9 FOR EVERYTHING UNDER THE SUN Row Crops Orchards Vineyards Ranches Developed or Vacant Land TECH AG FINANCIAL GROUP, INC. Tech Ag Financial Group was founded in the spring of 2001 with the purpose of helping Central Valley growers compete in today s global market. The Group takes a dynamic approach by drawing upon almost a century of family farming experience and Ag-business expertise to help growers remain profitable in a constantly changing economic environment. Locally owned, with s in Bakersfield and Buttonwillow, California, our staff includes Ag-business professionals, accredited land consultants, and loan rs with an extensive knowledge base for the successful completion and management of real estate investment opportunities across a wide range of agricultural commodities. Call Morgan Houchin At Tech Ag Financial Group, we can assist our clients in a wide variety of Ag-related areas including real estate brokerage, investment, tenant sourcing, leasing agreements, and crop production financing and operating lines of credit. Contact us and take advantage of our services today! Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or completeness of the enclosed. Buyers should conduct their own due diligence.