2 unchanged sentences
Additionally, we own approximately 1,300 acres located in Yuma, Arizona, 3,500 acres in La Serena, Chile and 1,200 acres in Jujuy, Argentina.
−Removed: In California we lease approximately 30 acres of land located in Ventura County, approximately 80 acres in Tulare County and approximately 800 acres in San Bernardino County.
+Added: In California, we lease approximately 30 acres of land located in Ventura County, approximately 80 acres in Tulare County and approximately 800 acres in San Bernardino County, and in Arizona, we lease approximately 65 acres of land located in Yuma County.
We also have an interest in a partnership that owns approximately 200 acres of land in Ventura County.
1 unchanged sentence
Our agribusiness land holdings are summarized below as of October 31, 2020 (in thousands, except per acre amounts):
−Removed: Acquisition Date
+Added: Ranch Name Acres Book Value Acquisition Date Book Value
Limoneira/Olivelands Ranch 1,700 $ 767 1907, 1913, 1920 $ 451
−Removed: 1907, 1913, 1920
La Campana Ranch 300 758 1964 $ 2,527
2 unchanged sentences
Porterville Ranch 700 6,427 1997 $ 9,181
+Added: Ducor Ranch 900 6,064 1997 $ 6,738
+Added: Jencks Ranch 100 846 2007 $ 8,460
Windfall Farms 700 16,162 2009 $ 23,089
2 unchanged sentences
Associated Citrus Packers 1,300 15,035 2013 $ 11,565
+Added: Lemons 400 800 5,180 2013 $ 6,475
Sheldon Ranches 600 9,618 2016 $ 15,678
Pan de Azucar 200 2,421 2017 $ 12,105
−Removed: Other agribusiness land
+Added: San Pablo 3,300 8,208 2018 $ 2,487
+Added: Santa Clara 1,200 8,600 2019 $ 7,167
+Added: Other agribusiness land 400 1,296 various $ 3,240
+Added: 13,800 $ 89,487
The book value of our agribusiness land holdings of approximately $89.5 million differs from the land balance of $96.3 million included in property, plant and equipment in the notes to the consolidated financial statements in Item 8 of this Annual Report on Form 10-K.
1 unchanged sentence
We own our packing facilities located in Santa Paula and Oxnard, California and Yuma, Arizona, where we process and pack our lemons as well as lemons for other growers.
−Removed: We commissioned a new $29.0 million lemon packing facility in the second quarter of 2016 to increase capacity and efficiency of our lemon packing operations.
−Removed: In 2008, we entered into an operating lease agreement and completed the installation of a 5.5 acre, one-megawatt ground-based photovoltaic solar generator, which provides the majority of the power to operate our packing facility.
−Removed: The operating lease agreement terminated and the solar generator was purchased in October 2018.
−Removed: In 2009, we completed the installation of a one-megawatt solar array which was leased through an operating lease
−Removed: agreement, which provides us with a majority of the electricity required to operate four deep water well pumps at one of our ranches in the San Joaquin Valley.
−Removed: The operating lease agreement terminated and the solar array was purchased in December 2018.
−Removed: We own approximately 260 residential units in Ventura and Tulare Counties that we lease as part of our rental operations segment to our employees, former employees and outside tenants and we own several commercial office buildings and properties that are leased to various tenants.
−Removed: We have built 65 out of a total approved 71 additional residential rental units in Ventura County, California which we began renting in May 2015.
−Removed: We plan to build and lease 6 additional units in 2020.
+Added: We commissioned a new lemon packing facility in 2016 to increase capacity and efficiency of our lemon packing operations.
+Added: We have a 5.5 acre, one-megawatt ground-based photovoltaic solar generator, which provides the majority of the power to operate our packing facility.
+Added: We also have a one-megawatt solar array that provides us with a majority of the electricity required to operate four deep water well pumps at one of our ranches in the San Joaquin Valley.
+Added: We own 256 residential units in Ventura and Tulare Counties that we lease to our employees, former employees and outside tenants and we own several commercial office buildings and properties that are leased to various tenants.
We own real estate development property in the California counties of Santa Barbara and Ventura.
2 unchanged sentences
Our water resources include water rights, usage rights and pumping rights to the water in aquifers under, and canals that run through, the land we own.
−Removed: We believe we have adequate supplies of water for our agribusiness segments as well as our rental and real estate development segments of our business and currently the California drought did not have a material impact on our operating results.
+Added: We believe we have adequate supplies of water for our agribusiness segments as well as our rental and real estate development activities.
Water for our farming operations located in Ventura County, California is sourced from the existing water resources associated with our land, which includes approximately 8,600 acre-feet of adjudicated water rights in the Santa Paula Basin (aquifer) and the un-adjudicated Fillmore Basin.
−Removed: We use a combination of ground water provided by wells which derive water from the San Joaquin Valley Basin and water from various water districts and irrigation districts in Tulare County, California, which is in the agriculturally productive San Joaquin Valley.
−Removed: We use ground water provided by wells which derive water from the Cadiz Valley Basin at the Cadiz Ranch in San Bernardino County, California.
−Removed: Our Windfall Farms property located in San Luis Obispo County, California obtains water from wells which derive water from the Paso Robles Basin.
+Added: We use a combination of ground water provided by wells that derive water from the San Joaquin Valley Basin and water from various water districts and irrigation districts in Tulare County, California, which is in the agriculturally productive San Joaquin Valley.
+Added: We use ground water provided by wells that derive water from the Cadiz Valley Basin at the Cadiz Ranch in San Bernardino County, California.
+Added: Our Windfall Farms property located in San Luis Obispo County, California obtains water from wells that derive water from the Paso Robles Basin.
Our Associated farming operations in Yuma, Arizona source water from the Colorado River through the YMIDD, where we have access to approximately 11,700 acre feet of Class 3 Colorado River water rights.
−Removed: In February 2017, we acquired water rights with our purchase of 90% of PDA.
−Removed: In July 2018, we acquired additional water rights in Chile with our acquisition of San Pablo.
+Added: We also have acquired water rights in Chile from our acquisitions of PDA and San Pablo.
Our rights to extract groundwater from the Santa Paula Basin are governed by the Santa Paula Basin Judgment (the “Judgment”).
−Removed: The Judgment was entered in 1996 by stipulation among the United Water Conservation District, the City of Ventura and various members of the Santa Paula Basin Pumpers Association (the “Association”).
+Added: The Judgment was entered into in 1996 by stipulation among the United Water Conservation District, the City of Ventura and various members of the Santa Paula Basin Pumpers Association (the “Association”).
The Association is a not-for-profit, mutual benefit corporation, which represents the interests of all overlying landowners with rights to extract groundwater from the Santa Paula Basin and the City of Santa Paula.
12 unchanged sentences
Our California water resources include approximately 17,000 acre-feet of water affiliated with our owned properties, of which approximately 8,600 acre-feet are adjudicated.
−Removed: In connection with our September 6, 2013 acquisition of Associated and its property ownership in Yuma, Arizona and its related membership in the YMIDD, we have been allocated approximately 11,700 acre feet of water sourced from the Colorado River.
−Removed: Additionally, we own shares in five not-for-profit mutual benefit water companies.
+Added: Our Yuma, Arizona water resources include approximately 11,700 acre-feet of water sourced from the Colorado River.
+Added: We own shares in five not-for-profit mutual benefit water companies.
Our investments in these water companies provide us with the right to receive a proportionate share of water from each of the water companies.
1 unchanged sentence
Consequently, we have long been a private steward and advocate of prudent and efficient water management.
−Removed: We have made substantial investments in securing water and water rights in quantities
−Removed: that are sufficient to support and, we believe will exceed, our long-term business objectives.
+Added: We have made substantial investments in securing water and water rights in quantities that are sufficient to support and, we believe will exceed, our long-term business objectives.
We strive to follow best management practices for the diversion, conveyance, distribution and use of water.
In the future, we intend to continue to provide leadership in the area of, and seek innovation opportunities that promote increased water use efficiency and the development of new sources of supply for our neighboring communities.
−Removed: We own oil, gas and mineral rights related to our Ventura County, California properties and in fiscal year 2013 we signed a five-year lease with an oil and gas producer to allow seismic testing on approximately 1,500 acres.
−Removed: In August 2015, the lessee reduced its leased acreage to approximately 30 acres.
−Removed: In 2018, the lease was extended for an additional five years.
−Removed: We will receive a 20% royalty if any oil and gas is extracted.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.