171.51+/- Western Canal Rice Farm For Sale

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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!

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