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Morgan Houchin Tech Ag Financial Group, Inc. FOR SALE Broker DRE No. 01865336 661-477-3669 mobile 145.18+/- Acres of Almonds in Southern [email protected] 661-695-6500 office San Joaquin Municipal Utility District 3430 Unicorn Road 661-384-6168 fax )LQDQFLDO*URXS Bakersfield, CA 93308

Neither the Seller, nor Tech Ag Financial Group, Inc. 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. Morgan Houchin Tech Ag Financial Group, Inc. FOR SALE Broker DRE No. 01865336 661-477-3669 mobile 145.18+/- Acres of Almonds in Southern [email protected] 661-695-6500 office San Joaquin Municipal Utility District 3430 Unicorn Road 661-384-6168 fax )LQDQFLDO*URXS Bakersfield, CA 93308

LOCATION PRODUCTION SGMA

145.18 +/- gross acre property that consists of two Field 2019 2018 2017 2016 2015 5 Yr The Sustainable Groundwater Management Act (Lbs / (Lbs / (Lbs / (Lbs / (Lbs / Average passed in 2014, and requires groundwater basins to (2) separate ranches, i.e. Ranch 1 and Ranch 3, that Acre) Acre) Acre) Acre) Acre) are both located in Southern San Joaquin Municipal be sustainable by 2040 and requires Groundwater Utility District (SSJMUD) with two sources of water 1N 2,853 2,428 2,937 2,860 2,088 2633 Sustainability Plans (GSP) by 2020. GSP(s) may available to planted almonds at various ages of 1S ------limit the amount of well water pumped. For production. 3 2,145 2,316 2,470 2,221 1,839 2198 more information go to https://water.ca.gov/ Total 2,388 2,353 2,629 2,439 1,924 2347 Programs/Groundwater-Management/SGMA- Yield Ranch 1 is located at the northwest corner of Driver Groundwater-Management Road and 9th Ave to the east of the City of Delano, and Ranch 3 is located at the northwest corner of IRRIGATION Peterson Road and Garzoli Ave to the north of the PRICE: City of McFarland in the County of Kern and State Property is located within the boundaries of of California. SSJMUD, and is subject to a District assessment $4,500,000.00 ($31,000 per acre) equivalent to $95.63 per acre that was billed (All cash to be paid at close of escrow) by SSJMUD and collected via the Kern County The 2020 almond crop is also available BRIEF LEGAL Assessor’s 2018-2019 tax roll. As of July 7th, subject to Buyer’s reimbursement of Seller’s cultural cost incurred after the Ranch 1 – Kern County Assessor Parcel Number: the District assessment in SSJMUD will increase completion of the 2019 post-harvest 049-150-14; Portion(s) of the NE ¼ of Section 7; T to $98.17 per acre. For the 2020 crop year, the 25S; R 26E; MDB&M SSJMUD flat water rate is $130.25 per delivered irrigation until close of escrow. Ranch 3 – Kern County Assessor Parcel Number: acre foot of water with no additional lift charges. 521-150-15; Portion(s) of the SW ¼ of Section 36; T 25S; R 25E; MDB&M Ranch 1 receives surface water delivery from CONTACT SSJMUD via district turnout no. 1-1-4A, and has a 75 HP electric irrigation well with a reported Morgan Houchin Tech Ag Financial Group, Inc. flow of 743 GPM, 221’ SWL, and 309’ PWL as of PLANTINGS 661-477-3669 (mobile) 1/17/20. Ranch 3 receives surface water delivery [email protected] Ranch Field Description Rootstock Tree Plant Net from SSJMUD via district turnout no. 4-8-11, and Spacing Date Acres www.TechAgFinancial.com has a 100 HP electric irrigation well that was drilled 1 1N 50% NP, 50% Viking 22’ x 18’ 2008 34.90 in 2015 with a reported flow of 794 GPM, 261’ SWL, Mont. 301’ PWL as of 1/17/20. The planted almonds for 1 1S 100% Ind. Viking 21’ x 16’ 2019 39.00 both Ranch 1 and Ranch 3 are irrigated via a single 3 3 100% Ind. Viking 20’ x 18’ 2010 67.40 line fan jet system interconnected to a central Total Net Acres 141.30 reservoir, series of filtration stations, and booster pump(s) at each ranch location.

SITE PHOTOS

LOCATION MAP

Delano Ranch 1

Ranch 3

McFarland

AERIAL MAP - RANCH 1

75 HP Well T.O. 1-14A Driver Road

9th Ave

AERIAL MAP - RANCH 3

Hwy 99 Garzoli Ave

100 HP Well

T.O. 4-8-11

Peterson Road

Neither the Seller, nor Tech Ag Financial Group, Inc. 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. hhhhhfh Morgan Houchin Tech Ag Financial Group, Inc. FOR SALE Broker DRE No. 01865336 661-477-3669 mobile 145.18+/- Acres of Almonds in Southern [email protected] 661-695-6500 office San Joaquin Municipal Utility District 3430 Unicorn Road 661-384-6168 fax )LQDQFLDO*URXS Bakersfield, CA 93308

SOIL MAP - RANCH 1

California Revised Storie Index (CA)—Kern County, California, Northwestern Part (Soil Storie Index for APN 049-150-14) 119° 12' 54'' W 54'' 12' 119° W 15'' 12' 119°

299800 299900 300000 300100 300200 300300 300400 300500 300600 300700 35° 46' 23'' N 35° 46' 23'' N 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. 3961000

3961000 The Revised Storie Index assesses the productivity of a soil from the following four characteristics: Factor A: degree of soil profile development Factor B: texture of the surface layer

3960900 Factor C: steepness of slope 3960900 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

3960800 Revised Storie Index numerical ratings have been combined into six classes as follows:

3960800 Grade 1: Excellent (81 to 100) Grade 2: Good (61 to 80) Grade 3: Fair (41 to 60)

3960700 Grade 4: Poor (21 to 40)

3960700 Grade 5: Very poor (11 to 20) Grade 6: Nonagricultural (10 or less) 3960600

3960600 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 3960500

3960500 particular map unit is given to help the user better understand the extent to which the rating applies to the map

Soil Map may not be valid at this scale. unit.

35° 46' 3'' N 35° 46' 3'' N 299800 299900 300000 300100 300200 300300 300400 300500 300600 300700 Other components with different ratings may occur in each map unit. The ratings for all components, regardless

Map Scale: 1:4,410 if printed on A landscape (11" x 8.5") sheet. the aggregated rating of the map unit, can be viewed by generating the equivalent report from the Soil Reports Meters N tab in Web Soil Survey or from the Soil Data Mart site. On-site investigation may be needed to validate these

119° 12' 54'' W 54'' 12' 119° 0 50 100 200 300 W 15'' 12' 119° Feet 0 200 400 800 1200 interpretations and to confirm the identity of the soil on a given site. Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 11N WGS84

Natural Resources Web Soil Survey 1/9/2020 Conservation Service National Cooperative Soil Survey Page 1 of 5

California Revised Storie Index (CA) - Summary by Map Unit - Kern County, California

Map Unit Symbol Map Unite Name Rating Component Name Acres in AOI Perecent in AOI

243 Wasco sandy loam Grade 1 - Excellent Wasco (85%) 80.6 100.0%

Totals for Area of Interest 80.6 100.0%

Neither the Seller, nor Tech Ag Financial Group, Inc. 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. hhhhhfh Morgan Houchin Tech Ag Financial Group, Inc. FOR SALE Broker DRE No. 01865336 661-477-3669 mobile 145.18+/- Acres of Almonds in Southern [email protected] 661-695-6500 office San Joaquin Municipal Utility District 3430 Unicorn Road 661-384-6168 fax )LQDQFLDO*URXS Bakersfield, CA 93308

SOIL MAP - RANCH 3

California Revised Storie Index (CA)—Kern County, California, Northwestern Part (Soil Storie Index for APN 521-150-15) 119° 14' 30'' W 30'' 14' 119° W 56'' 13' 119°

297210 297300 297390 297480 297570 297660 297750 297840 297930 298020 35° 42' 28'' N 35° 42' 28'' N

3953860 The Revised Storie Index is a rating system based on soil properties that govern the potential for soil map unit

3953860 components to be used for irrigated agriculture in California.

The Revised Storie Index assesses the productivity of a soil from the following four characteristics:

3953770 Factor A: degree of soil profile development

3953770 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 3953680 3953680 Revised Storie Index numerical ratings have been combined into six classes as follows: Grade 1: Excellent (81 to 100) Grade 2: Good (61 to 80) 3953590 Grade 3: Fair (41 to 60) 3953590 Grade 4: Poor (21 to 40) Grade 5: Very poor (11 to 20) Grade 6: Nonagricultural (10 or less) 3953500 3953500

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 3953410 aggregated rating class is shown for each map unit. The components listed for each map unit are only those that 3953410 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

Soil Map may not be valid at this scale. unit. 3953320

35° 42' 10'' N 35° 42' 10'' N 3953320 297210 297300 297390 297480 297570 297660 297750 297840 297930 298020 Other components with different ratings may occur in each map unit. The ratings for all components, regardless

Map Scale: 1:3,990 if printed on A landscape (11" x 8.5") sheet. the aggregated rating of the map unit, can be viewed by generating the equivalent report from the Soil Reports Meters N tab in Web Soil Survey or from the Soil Data Mart site. On-site investigation may be needed to validate these

119° 14' 30'' W 30'' 14' 119° 0 50 100 200 300 W 56'' 13' 119° Feet 0 150 300 600 900 interpretations and to confirm the identity of the soil on a given site. Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 11N WGS84

Natural Resources Web Soil Survey 1/9/2020 Conservation Service National Cooperative Soil Survey Page 1 of 5

California Revised Storie Index (CA) - Summary by Map Unit - Kern County, California

Map Unit Symbol Map Unite Name Rating Component Name Acres in AOI Perecent in AOI

243 Wasco sandy loam Grade 1 - Excellent Wasco (85%) 73.3 100.0%

Totals for Area of Interest 73.3 100.0%

Neither the Seller, nor Tech Ag Financial Group, Inc. 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. Morgan Houchin TechTech Ag AgFinancial Financial Group,Group, Inc. Inc.661-477-3669 mobile FOR SALE - 2,252.70 +/- Gross Acre Broker DRE No. 01865336 FOR SALE Broker DRE No. 01865336 661-477-3669661-695-6500mobileofﬁce 145.18+/- Acres of Almonds in Southern Cattle Ranch in Tulare County [email protected]@techag.com 661-695-6500661-384-6168officefax San Joaquin Municipal Utility District 3430 Unicorn Road 661-384-6168 fax )LQDQFLDO*URXS Bakersfield, CA 93308

TECH AG FINANCIAL GROUP, INC. TECHTech Ag AGFinancial FINANCIAL Group was founded GROUP, in the INC. spring of Tech2001 Agwith Financial the purpose Group of was helping founded Central in the Valley spring growers of 2001compete with inthe today’s purpose global of helping market. Central The Group Valley takes growers a competedynamic inapproach today’s globalby drawing market. upon The almost Group a takescentury a of dynamicfamily farming approach experience by drawing and uponAg-business almost expertisea century toof familyhelp growers farming remain experience profitable and Ag-business in a constantly expertise changing to FOR helpeconomic growers environment. remain profitable in a constantly changing economic environment. Row Crops Locally owned, with offices in Bakersfield and • Row Crops EVERYTHINGEVERYTHING LocallyButtonwillow, owned, California, with offices our in staff Bakersfield includes and Ag-business • Orchards Orchards Buttonwillow,professionals, California,accredited our land staff consultants, includes Ag-businessand loan • Vineyards Vineyards professionals,officers with an accredited extensive landknowledge consultants, base forand the loan UNDERUNDER Ranches officerssuccessful with completion an extensive and knowledge management base of for real the estate • Ranches successfulinvestment completion opportunities and across management a wide range of real of estate • Developed Developed or investmentagricultural opportunitiescommodities. across a wide range of or VacantVacant Land Land THETHE SUN agricultural commodities. At Tech Ag Financial Group, we can assist our clients At Tech Ag Financial Group, we can assist our clients Call Morgan Morgan Houchin Houchin 661-477-3669 661-477-3669 in a wide variety of Ag-related areas including real inestate a wide brokerage, variety of investment, Ag-related areastenant including sourcing, real leasing estateagreements, brokerage, and investment,crop production tenant financing sourcing, and leasing agreements,operating lines and of crop credit. production financing and operating lines of credit. Contact us and take advantage of our services today! Contact us and take advantage of our services today!

Neither the Seller, nor Tech Ag Financial Group, Inc. 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. Neither the Seller, nor Tech Ag Financial Group, Inc. 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.