Producing Chandler Walnut Orchard

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AG-LAND Investment Brokers 275 Sale Lane Red Bluff, CA 96080 530-529-4400 Fax 530-527-5042 Producing Chandler Walnut Orchard West Sacramento Avenue - Chico, CA

AG-LAND INVESTMENT BROKERS 275 Sale Lane / P. O. Box 896 Red Bluff, CA 96080 530.529.4400 office / 530.527.5042 fax W Sacramento Avenue Chandler Orchard Chico, California Property: Approx. 36 total acres, 30 acres of which are planted to 24 year old Chandler walnuts. The 7-year average annual production is 3,438 in-shell pounds per acre. The 2017 production was 3,264 in-shell pounds per acre. Location: Approx. 6 mile (W) of Chico, CA on south side of W. Sacramento Avenue, west of Mud Creek and east of Kusal Slough. Water: Irrigation water provided by 12 cased well drilled in 1994 to a depth of 60 deep. Static water level estimated at 14. In 2015, a 15Hp Hitachi submersible pump and 6 Morrill horizontal filter were installed. Irrigation: Orchard is sprinkler irrigated using buried PVC mainline and hand moved aluminum sprinkler pipe. Soils: The soils planted to walnuts are 203 - Kusalslough silty clay loam and 110 - Bosequejo silt loam. Irrigated capability Class 2 per Natural Resources Conservation Service. Topography is level to grade. Walnuts: The orchard was planted in 1994 on black rootstock. Replants are on paradox rootstock. The tree spacing is 25 x 25 which equals 70 trees per acre. 2018 crop to be included in the sale provided Buyer reimburses Seller for cultural costs from November 1, 2017 to close of escrow. Zoning: zoned AG-80. Butte County Parcel Number 039-610-021-000. The property is Mineral Rights: Oil, gas and minerals rights owned by Seller are included in the sale. Depreciation: Improvements such as the trees, well, irrigation systems may offer deprecation advantages to a prospective Buyer. Listing Price: $1,100,000, $30,555 using 36 gross acres or $36,667 using 30 planted acres. The information contained herein is from sources deemed reliable, however, accuracy is not guaranteed. AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence. This offering is subject to prior sale, price change or withdrawal from market without notice.

AG-LAND INVESTMENT BROKERS 275 Sale Lane / P. O. Box 896 Red Bluff, CA 96080 530.529.4400 office / 530.527.5042 fax Sam Mudd, California Brokers License Number 01710463 Cell, 530.949-4054; Email, sam.mudd@aglandbrokers.com www.aglandbrokers.com, website Bert Owens, California Brokers License Number 01707128 Cell, 530.524.4900; Email, bert.owens@aglandbrokers.com, email www.aglandbrokers.com, website The information contained herein is from sources deemed reliable, however, accuracy is not guaranteed. AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence. This offering is subject to prior sale, price change or withdrawal from market without notice.

Jones W. Sacramento Chandlers

121 56' 30'' W Irrigated Capability Class Butte Area, California, Parts of Butte and Plumas Counties (Jones W Sacramento Chandlers) 121 55' 54'' W 39 43' 45'' N 39 43' 27'' N 4397710 4397800 4397890 4397980 4398070 4398160 4398250 590720 590810 590900 590990 591080 591170 591260 591350 591440 591530 Soil Map may not be valid at this scale. 590720 590810 590900 590990 591080 591170 591260 591350 591440 591530 4397800 4397890 4397980 4398070 4398160 4398250 39 43' 45'' N 39 43' 27'' N 121 56' 30'' W N Map Scale: 1:3,900 if printed on A landscape (11" x 8.5") sheet. Meters 0 50 100 200 300 Feet 0 150 300 600 900 Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 10N WGS84 121 55' 54'' W Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 12/28/2017 Page 1 of 5

Irrigated Capability Class Butte Area, California, Parts of Butte and Plumas Counties (Jones W Sacramento Chandlers) MAP LEGEND MAP INFORMATION Area of Interest (AOI) Area of Interest (AOI) Soils Soil Rating Polygons Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Soil Rating Lines Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Soil Rating Points Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Water Features Streams and Canals Transportation Rails Interstate Highways US Routes Major Roads Local Roads Background Aerial Photography The soil surveys that comprise your AOI were mapped at 1:24,000. Warning: Soil Map may not be valid at this scale. Enlargement of maps beyond the scale of mapping can cause misunderstanding of the detail of mapping and accuracy of soil line placement. The maps do not show the small areas of contrasting soils that could have been shown at a more detailed scale. Please rely on the bar scale on each map sheet for map measurements. Source of Map: Natural Resources Conservation Service Web Soil Survey URL: Coordinate System: Web Mercator (EPSG:3857) Maps from the Web Soil Survey are based on the Web Mercator projection, which preserves direction and shape but distorts distance and area. A projection that preserves area, such as the Albers equal-area conic projection, should be used if more accurate calculations of distance or area are required. This product is generated from the USDA-NRCS certified data as of the version date(s) listed below. Soil Survey Area: Butte Area, California, Parts of Butte and Plumas Counties Survey Area Data: Version 14, Sep 8, 2017 Soil map units are labeled (as space allows) for map scales 1:50,000 or larger. Date(s) aerial images were photographed: 18, 2016 Feb 21, 2015 Oct The orthophoto or other base map on which the soil lines were compiled and digitized probably differs from the background imagery displayed on these maps. As a result, some minor shifting of map unit boundaries may be evident. Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 12/28/2017 Page 2 of 5

Irrigated Capability Class Butte Area, California, Parts of Butte and Plumas Counties Jones W Sacramento Chandlers Irrigated Capability Class Map unit symbol Map unit name Rating Acres in AOI Percent of AOI 110 Bosquejo silt loam, 0 to 1 percent slopes, overwash, occasionally flooded 203 Kusalslough silty clay loam, 0 to 1 percent slopes, occasionally flooded 991 Xerofluvents and 0 to 4 percent slopes frequently flooded 2 2.9 8.6% 2 27.8 81.9% 6 3.2 9.5% Totals for Area of Interest 34.0 100.0% Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 12/28/2017 Page 3 of 5

Irrigated Capability Class Butte Area, California, Parts of Butte and Plumas Counties Jones W Sacramento Chandlers Description Land capability classification shows, in a general way, the suitability of soils for most kinds of field crops. Crops that require special management are excluded. The soils are grouped according to their limitations for field crops, the risk of damage if they are used for crops, and the way they respond to management. The criteria used in grouping the soils do not include major and generally expensive landforming that would change slope, depth, or other characteristics of the soils, nor do they include possible but unlikely major reclamation projects. Capability classification is not a substitute for interpretations that show suitability and limitations of groups of soils for rangeland, for woodland, or for engineering purposes. In the capability system, soils are generally grouped at three levels-capability class, subclass, and unit. Only class and subclass are included in this data set. Capability classes, the broadest groups, are designated by the numbers 1 through 8. The numbers indicate progressively greater limitations and narrower choices for practical use. The classes are defined as follows: Class 1 soils have few limitations that restrict their use. Class 2 soils have moderate limitations that reduce the choice of plants or that require moderate conservation practices. Class 3 soils have severe limitations that reduce the choice of plants or that require special conservation practices, or both. Class 4 soils have very severe limitations that reduce the choice of plants or that require very careful management, or both. Class 5 soils are subject to little or no erosion but have other limitations, impractical to remove, that restrict their use mainly to pasture, rangeland, forestland, or wildlife habitat. Class 6 soils have severe limitations that make them generally unsuitable for cultivation and that restrict their use mainly to pasture, rangeland, forestland, or wildlife habitat. Class 7 soils have very severe limitations that make them unsuitable for cultivation and that restrict their use mainly to grazing, forestland, or wildlife habitat. Class 8 soils and miscellaneous areas have limitations that preclude commercial plant production and that restrict their use to recreational purposes, wildlife habitat, watershed, or esthetic purposes. Rating Options Aggregation Method: Dominant Condition Component Percent Cutoff: None Specified Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 12/28/2017 Page 4 of 5

Irrigated Capability Class Butte Area, California, Parts of Butte and Plumas Counties Jones W Sacramento Chandlers Tie-break Rule: Higher Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 12/28/2017 Page 5 of 5