We own our corporate headquarters in Santa Paula, California.
−Removed: 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 own approximately 4,300 acres of farm land in California, 1,300 acres in Yuma, Arizona, 3,500 acres in La Serena, Chile and 1,200 acres in Jujuy, Argentina.
We also lease approximately 100 acres of land and have an interest in a partnership that owns approximately 200 acres of land.
−Removed: 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.
−Removed: Our agribusiness land holdings are summarized below as of October 31, 2022 (in thousands, except per acre amounts):
+Added: The land used for agricultural plantings consists of approximately 3,500 acres of lemons, approximately 1,200 acres of avocados, approximately 100 acres of oranges and approximately 400 acres of other crops.
+Added: We believe that our properties are generally suitable to meet our production needs for the foreseeable future.
+Added: Our agribusiness land holdings are summarized below as of October 31, 2023 ($ in thousands):
Ranch Name Acres Book Value Acquisition Date Book Value
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Rancho La Cuesta Ranch 200 2,899 1994 $ 14,495
−Removed: Porterville Ranch 700 6,427 1997 $ 9,181
−Removed: Ducor Ranch 900 6,223 1997 $ 6,914
−Removed: Jencks Ranch 100 846 2007 $ 8,460
Windfall Farms 700 16,162 2009 $ 23,089
−Removed: Stage Coach Ranch 100 603 2012 $ 6,030
−Removed: Martinez Ranch 200 1,363 2012 $ 6,815
Associated Citrus Packers 1,300 14,500 2013 $ 11,154
−Removed: Lemons 400 800 5,182 2013 $ 6,478
−Removed: Sheldon Ranches 600 9,618 2016 $ 16,030
Pan de Azucar 200 2,395 2017 $ 11,975
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Other agribusiness land 600 574 various $ 957
−Removed: 13,800 $ 87,140
−Removed: 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.
+Added: Total agribusiness land holdings 10,600 $ 55,732
+Added: The book value of our agribusiness land holdings of approximately $55.7 million differs from the land balance of $56.0 million included in property, plant and equipment in the notes to the consolidated financial statements in Item 8 of this Annual Report as the table above excludes land holdings related to our other operations.
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.
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.
−Removed: 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 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.
−Removed: We own and have equity investments in real estate development property in the California County of Ventura.
−Removed: These properties are in various stages of development for up to approximately 900 residential units and approximately 811,000 square feet of commercial space.
+Added: We own and maintain 238 residential units in Ventura County 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 Ventura County, California.
+Added: These properties are in various stages of development for up to approximately 800 residential units.
Water and Mineral Rights
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We believe we have adequate supplies of water for our agribusiness segments as well as our rental and real estate development activities.
−Removed: 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 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.
−Removed: We use ground water provided by wells that 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 that derive water from the Paso Robles Basin.
+Added: 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 (aquifer).
+Added: Our Windfall Farms property located in San Luis Obispo County, California obtains water from wells that derive water from the Paso Robles Basin (aquifer).
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.
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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.
−Removed: We are a member of the Association.
−Removed: Membership in the Association is governed by the Association's Bylaws.
+Added: We are a member of the Association and membership is governed by the Association's Bylaws.
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.
Our Yuma, Arizona water resources include approximately 11,700 acre-feet of water sourced from the Colorado River.
−Removed: We own shares in five not-for-profit mutual benefit water companies.
+Added: We own shares in various 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.
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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.