East Highline 160

Imperial County, CA

A

AcreTrader Rating (1)

Description

The East Highline 160 is a carrot and alfalfa farm located approximately 5 miles east of Holtville, near the community of Date City, in Imperial County, California. The farm is situated in the southeastern portion of the valley along the East Highline Canal in an area known as the Carrot Capital of the World, a title the city of Holtville celebrates each year at its Carrot Festival. The ranch was developed some 80 years ago by Loma Land Leveling Co. and has been owned and operated under the Loma Farms banner ever since.

The ranch contains 156 acres of tillable land and is comprised almost entirely of Class II Indio and Vint soils, with a small amount of Class III Meloland and Holtville soils. In combination with the drainage tile and irrigation capabilities, these high-quality soils make the ranch well suited to produce most field crops, as well as carrots and onions. Additionally, the farm is located only 1 mile from Interstate 8, affording it easy access to the main thoroughfare in the Imperial Valley.

The farmer is utilizing the property to grow alfalfa and has recently signed a one year lease agreement at $400 per acre. Note also that the potential exists to generate additional annual revenue and contribute to water conservation efforts in the Imperial Valley via the Imperial Irrigation District’s On-Farm Efficiency Conservation Program (OFECP), but that potential revenue is not reflected in the yield or IRR projections.

Investment Highlights

  • 5-10 year target hold period given stable cash flows and potential for material long-term appreciation.

  • A one year lease is in place at $400 per acre. The farmer has expressed interest in extending this lease.

  • Invest in a hard asset with little or no correlation to other major asset classes.

  • The property will be managed by Acretrader Management, LLC, an affiliate of AcreTrader, Inc.

  • Standard AcreTrader management fee of 0.75% will not be collected on this property.

  • Total farm acres may not be exact due to rounding.

  • Anticipated cash distributions occur on December 15 annually, beginning December 2021.

Risk Factors and Disclosures

Please see additional risk factors here  and in the Issuer Document Package for a discussion of additional risks. The above presentation is based upon information supplied by the seller and others, and some images shown may be used for representative purposes and may not have been taken on location at the subject property. While AcreTrader performs extensive due diligence on the offerings on our Site, certain of the information presented in each offering may have been provided by third party sources. Therefore, AcreTrader and its respective affiliates, officers, directors or representatives (the "AT Parties") hereby advise you that while all such third party information contained herein has been provided by to us from sources deemed reliable, we cannot guarantee its accuracy. The AT Parties further make no representations as to the accuracy or completeness of any such information and undertake no obligation now or in the future to update or correct this presentation or any information contained herein.

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