We own our corporate headquarters in Santa Paula, California.
−Removed: We own approximately 8,300 acres of farm land in California, with approximately 4,000 acres located in Ventura County, approximately 3,600 acres located in Tulare County in the San Joaquin Valley and approximately 700 acres in San Luis Obispo County.
−Removed: Additionally, we own approximately 1,200 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, and in Arizona we lease approximately 65 acres of land located in Yuma County.
−Removed: We also have an interest in a partnership that owns approximately 200 acres of land in Ventura County.
+Added: We own approximately 8,300 acres of farm land in California, 1,200 acres located in Yuma, Arizona, 3,500 acres in La Serena, Chile and 1,200 acres in Jujuy, Argentina.
+Added: We also lease approximately 1,000 acres of land and have an interest in a partnership that owns approximately 200 acres of land.
The land used for agricultural plantings consists of approximately 5,600 acres of lemons, approximately 900 acres of avocados, approximately 1,000 acres of oranges and approximately 1,000 acres of specialty citrus and other crops.
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The book value of our agribusiness land holdings of approximately $87.1 million differs from the land balance of $87.6 million included in property, plant and equipment in the notes to the consolidated financial statements in Item 8 of this Annual Report.
−Removed: The table above presents our current land holdings in farming agribusiness operations and, therefore, excludes Oxnard Lemon land, rental and real estate development land.
−Removed: 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 lemon packing facility in 2016 to increase capacity and efficiency of our lemon packing operations.
−Removed: 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: The table above presents our current land holdings in farming agribusiness operations.
+Added: We own our packing facilities located in Santa Paula, California and Yuma, Arizona, where we process and pack our lemons as well as lemons for other growers.
+Added: We have a 5.5 acre, one-megawatt ground-based photovoltaic solar generator and one-megawatt roof array, which provides the majority of the power to operate our packing facility.
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.
−Removed: 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.
−Removed: We own real estate development property in the California counties of Santa Barbara and Ventura.
+Added: We own and maintain 257 residential units mainly 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.
+Added: We own and have equity investments in real estate development property in the California County of Ventura.
These properties are in various stages of development for up to approximately 900 residential units and approximately 811,000 square feet of commercial space.
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Membership in the Association is governed by the Association's Bylaws.
−Removed: The Judgment adjudicated and allocated water rights in the Santa Paula Basin among the Association's members and the City of Ventura.
−Removed: The water rights are established and governed by a seven-year moving average (i.e., production can rise or fall in any particular year so long as the seven-year average is not exceeded).
−Removed: Under California law, the water rights are considered "property".
−Removed: A perpetual right to water, evidenced by the Judgment, can be exchanged for interests in real property under IRS Code Section 1031 and if condemned by a public agency, just compensation must be paid to the rightful owner.
−Removed: Our rights under the Judgment are perpetual and considered very firm and reliable which reflects favorably upon their fair market value.
−Removed: For ease of administration, the Association is appointed by the Judgment as the trustee of its members’ water rights and is responsible for coordinating and promoting the interests of its members.
−Removed: The Judgment includes provisions for staged reductions in production rights should shortage conditions develop.
−Removed: It also allows the adjudicated water rights to be leased or sold among the parties.
−Removed: The Judgment established a Technical Advisory Committee composed of the United Water Conservation District, the City of Ventura and the Association to assist the Superior Court of the State of California, Ventura County (the “Court”), with the technical aspects of Santa Paula Basin management.
−Removed: Finally, the Judgment reserves continuing jurisdiction to the Court to hear motions for enforcement or modification of the Judgment as necessary.
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.
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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.