J.A.L. Farms Brochure 10-9-18

The Lund Ranch

1,354.1 Ac. Farm Ground The Lund Ranch • Tracy, CA Schuil & Associates 559-734-1700 • www.schuil.com

CalDRE: 00845607 Listing

The Lund Ranch

Price: $22,342,560

Location: The historic Lund Ranch is located on Union Island in the San Joaquin River Delta, just northwest of Tracy, California. The ranch is East of the Clifton Court Forebay and is bordered by Old River on the West, Grant Line Canal on the South, Clifton Court Road on the North and Bonetti Road (dirt drive) on the East. The property address is 19422 West Clifton Court Road, Tracy, CA.

Size: 1,354.1 Tax Assessed Acres - one contiguous parcel.

Plantings: Open Ground - currently planted to row crops. There are almond trees planted within 1.5 miles of the ranch and a wide variety of other permanent plantings located in the area.

Water: The Lund Ranch lies within the South Delta Water Agency and receives diverted surface water from the Old River and Grant Line Canal. The Lund Ranch has a long standing appropriative license as well as ﬁve riparian and Pre-1914 claims. See additional information pertaining to diverted water on the following page.

APN: 189-040-120-000: San Joaquin County

Structures: One Home One Hay Barn 74’ x 158’ One Shop 40’ x 60’

Lease: The Lund Ranch to be purchased subject to a lease ending December 31, 2021. Tenant is open to a transitional or long term occupancy schedule that would involve Tenant remaining in some type of capacity acceptable to all parties, be it as an ongoing tenant, as a manager, or in the transition to, and planting of, permanent crops. Tenant is a well respected farmer in the region with a long history in permanent crops. Tenant's extensive experience with farming this land and with planting of permanent crops in nearby locations offers a new owner a valuable opportunity to reduce downtime and virtually eliminate the learning curve associated with working a new farm.

Contact: Marc Schuil CalBRE: 00815172 (559) 280-1750 [email protected]

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA • 559-734-1700 • www.schuil.com Water

Water Rights: JAL Farms Permit Permit ID: 002243 License ID: 001253 Water Right Type: Appropriative Status: Licensed Date Issued: 01/27/1925 Face Amount: 7,870.5 acre feet per year

The Lund Ranch has one appropriative license as well as ﬁve active claims for riparian and pre 1914 rights.

Few regions are as important to California water as the Sacramento-San Joaquin Delta where the Sacramento and San Joaquin rivers converge to discharge into San Francisco Bay. Fed by runoff from the northern Sierra Nevada and southern Cascades mountain ranges, the Delta is a 700-mile maze of sloughs and waterways surrounding more than 60 levied tracts and islands. The Delta is the hub of California’s two largest surface water delivery projects, the State Water Project and the federal Central Valley Project. The Delta provides a portion of the drinking water for 25 million Californians and provides the $36 billion agricultural industry with irrigation to 4.5 million acres. (1)

The Lund Ranch has a very long history of diverting water from Old River which runs adjacent to the property. No water wells are needed on the farm (the only well is for residential domestic use). All the crops are irrigated from the surface water diverted from Old River and the Grant Line Canal. Currently the row crops are irrigated primarily through an extensive drip system installed by and belonging to the tenant. Drainage ditches border each ﬁeld and excess water is drained away from the growing crops. Once the property is in escrow the Buyer will be granted a due diligence period to conﬁrm the water rights of the property. Water right questions and answers can be found on the State Water Resource Control Board web site referenced below. (2).

The Sustainable Ground Water Management Act (SGMA) passed in 2014 requiring groundwater basins to be sustainable by 2040, SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans are likely to limit the amount of well water that may be pumped; especially in the southern part of the San Joaquin Valley. Given these new State regulations, farms with the surface water availability of the Lund Ranch are becoming extremely popular among farmers and agricultural investor groups. Of course, neither the Seller nor Seller’s representatives can predict the future pricing and/or availability of land and water. Prospective Buyers are advised to hire appropriate outside consultants regarding SGMA, water regulations and water availability. The subject property is located in the Tracy sub-basin and is part of the San Joaquin County Groundwater Sustainability Agency (GSA). (3)

(1)Water Foundation Education: (2)State Water Resource Control Board: (3)SGMA:

Crop Acres 1 2 3 Alfalfa 278.5

Garlic 269.1 4 Tomato 496.1

Wheat 176.8 5 6 7 8 Total 1220.5 9

10 11 12

14 13 15 16 18 17 19 20 21 22 23 24

27 28 30 25 26 29

31 32 33 34 35

Green = Alfalfa • Yellow = Garlic • Red = Tomatoes • Blue = Wheat

1. Tomatoes: 43 Ac. 8. Tomatoes: 43 Ac. 15. Tomatoes: 34 Ac. 22. Alfalfa: 37.8 Ac. 29. Wheat: 29.6 Ac. 2. Tomatoes: 43.4 Ac. 9. Tomatoes: 8 Ac. 16. Tomatoes: 30 Ac. 23. Wheat: 16.7 Ac. 30. Wheat: 53.2 Ac. 3. Garlic: 42 Ac. 10. Tomatoes: 50.5 Ac. 17. Garlic: 53.2 Ac. 24. Tomatoes: 20 Ac. 31. Alfalfa: 8 Ac. 4. Tomatoes: 44.1 Ac. 11. Garlic: 69.2 Ac. 18. Alfalfa: 30 Ac. 25. Alfalfa: 22 Ac. 32. Alfalfa: 28 Ac. 5. Garlic: 24.6 Ac. 12. Garlic: 37 Ac. 19. Tomatoes: 44.9 Ac. 26. Alfalfa: 36 Ac. 33. Alfalfa: 27 Ac. 6. Wheat: 24.1 Ac. 13. Tomatoes: 43 Ac. 20. Tomatoes: 34.7 Ac. 27. Wheat: 7 Ac. 34. Alfalfa: 49.7 Ac. 7. Garlic: 43.1 Ac. 14. Wheat: 38.2 Ac. 21. Garlic: 40 Ac. 28. Tomatoes: 19 Ac. 35. Tomatoes: 46.5 Ac.

Stockton

Discovery Bay

Howard Rd.

West Clifton Court

S Tracy Blvd.

Manteca Mountain House

Tracy Ripon

Sacramento

19422 West Clifton Court Rd. Tracy, CA

12 Miles to Tracy 20 Miles to Stockton Modesto 30 Miles to Ripon 65 Miles to Sacramento 110 Miles to Yuba City 130 Miles to Fresno

Fresno

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA 559.734.1700 www.schuil.com Aerial Map

San Joaquin River King Island Franks Tract State Rec. Area Mandeville Island Rindge Tract

Holland Mc Donald Antioch Tract Island

Bacon Island

Old Lower Jones River Tract Brentwood

Woodward Upper Jones Island Tract Discovery Middle Roberts Bay River Victoria Island Island San Joaquin Byron River Union Clifton Ct. Island Forebay

Los Grant Line Lathrop Vaqueros Canal

Old River Manteca Mountain House Tracy

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA 559.734.1700 www.schuil.com Soil Map

189-040-120-000

West Clifton Court Road

1,354.1 Ac

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA 559.734.1700 www.schuil.com Photos

All diesel pumps and sand media ﬁlters belong to the Tenant.

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA 559.734.1700 www.schuil.com Photos

The information contained in this brochure is from reliable sources and is believed to be correct, but is NOT guaranteed. 5020 W Mineral King Avenue, Visalia, CA 559.734.1700 www.schuil.com