Panoche and I-5 Ranch ±96.50 acres of 2018 planted Nonpareil and Monterey on a 14’ x 22’ spacing. The trees have just reached an economic producing age with a reported per acre yield of ±1,850 lbs. The trees are in good condition and should produce an estimates ±2,800 lbs. in the coming years. The blocks are irrigated via double drip. ±96.50 acres of estimated 2019-20 planted Golden Hills Pistachios on UCB-1 rootstock. The trees are on a 17’x 20’ spacing and are just reaching production age. The trees are in good condition and are estimated to produce ±600-800 lbs per acre in the next year. The block is irrigated via micro sprinkler. Ancillary 9.54 Land dedicated to farm roads, pump sites and yards. Economic Characteristics: The subject ranch is currently seller occupied and farmed (farm managed), with all of the young trees being at the beginning of their economic producing ages, with the buyer to farm (via farm management) the permanent plantings after the purchase. The almonds and Pistachios have just reached a full production age and are considered to be capable of generating profits. Location & Access: The subject property is located on 45551 West Panoche Road, Firebaugh, CA 93622. One-quarter mile northeast of the I-5 and Panoche Road intersection, on the northwest side of Panoche Road, ±17 miles southwest of Firebaugh, California in Fresno County. The property contains paved county road frontage, of which are paved county roads bordering the southeast side of the ranch. The access is common for most ranches in the area. Legal Description: The subject property is commonly described as follows, in the unincorporated areas of Fresno County: I-5 Almonds & Pistachios 200 ACRES IN THE NORTH HALF OF SECTION 12, TOWNSHIP 15 SOUTH, RANGE 12 EAST, MOUNT DIABLO BASE MERIDIAN, IN FRESNO COUNTY ACCORDING TO THE OFFICIAL PLAT THEREOF Well. A new well has been drilled on the subject property which had not been hooked up to the irrigation system Zoning & Trends The subject property is located in an area devoted to long-term agricultural uses and zoned for agricultural use. The current zoning designation is “AE-40”, Agriculture Exclusive land use with minimum parcel size of 40 acres. The permitted uses under this exclusive agricultural zoning include irrigated field crops, permanent plantings, processing of agricultural products and supporting farm structures. This zoning also allows for the construction and use of one residential dwelling plus any reasonable support buildings to be built on site. As currently utilized, the subject conforms to the designated agricultural zoning. The subject is located in an area devoted exclusively to agricultural uses with no urban development projected in the near future. Thus, no changes in the current zoning designation are expected in the foreseeable future.