171.51+/- Western Canal Rice Farm For Sale
Location: From Highway 162: Go North on Aguas Frias Road for 6.0 Miles. Go West on Nelson Road for 1.4 Miles. The clubhouse, shop & entrance to the rice farm will be on the left hand side of the road
APN#: Butte County Assessor Parcel Numbers: 038-140-037 and 038-140-038
Use: The property is currently being farmed to rice. The property has been leased out to a 4th generation rice farming family. The lease expires in December of 2016, but the current grower would like to continue farming this ground in the future.
Yield History: 2016: 95.74cwt/acre 2015: 95.51cwt/acre 2014: 96.28cwt/acre 2013: 102.14cwt/acre
Farmable Acres: The farm is comprised of 158.65 farmable acres. The remainder of the farm is made up of roads & ditches
Rice Base: The farm has 158.65 base acres with a 86.79 cwt base yield history
Water: The property is located in Western Canal Water District
Per Acre Foot: $4.00/acre foot
This district is the premier water district in the state of California. It has very inexpensive & reliable water.
Clubhouse: In addition to the rice farm a 20% interest in a 3.66 acre parcel located just north of the subject property is available in this offering. This property includes 2 rental homes, a shop, equipment storage shed, clubhouse, & a deep water well. The property is held in a general partnership. The other partners have a 1st right of refusal on this holding.
Duck Hunting: There are (2) Four man blinds on the farm. Given its proximity to Llano Seco, it is in a premier duck hunting area. Each blind rents for $8,200 annually.
Oil, Gas, & Mineral Rights: The seller currently holds 40% of the oil, gas, & mineral rights. Those rights will transfer to the buyer at the close of escrow.
Taxes: The property is not enrolled in the Williamson Act. The property taxes will be a little more than 1% of the purchase price.
Price: $2,158,120 for both the farm & 20% interest in the clubhouse, shop, etc.
Terms: Cash at the close of escrow
Comments: This rice farm is located in the best irrigation district in the state of California. The water cost & quality of its water rights make it far and above the most inexpensive & reliable water in the state. The farm is located near a wildlife refuge and is known for being a very good duck & goose property. This one won’t last long, please call Charter Realty for a private showing today!