Financial Performance
A turnkey agricultural investment with professional management, automated operations, and documented yield growth.
Hands-Off Investment
Professional Management
Overseen by an established, reputable farm management company with decades of regional expertise.
Fully Automated
Modern irrigation and monitoring systems allow complete oversight from your iPhone, anywhere in the world.
Proven Track Record
Six consecutive years of documented yield growth demonstrate the orchard's exceptional potential.
Crop History
The orchard has demonstrated exceptional growth trajectory since establishment, with yields increasing significantly as the trees mature. The 8th leaf year production of over 302,000 lbs represents the orchard approaching full production potential.
~139% Avg. YoY Growth
4th to 9th Leaf Year
Annual Yield Data
| Leaf Year | Yield (lbs) | YoY Growth |
|---|---|---|
3rdLeaf CY2020 | 8,220 | — |
4thLeaf CY2021 | 54,900 | +568% |
5thLeaf CY2022 | 96,040 | +75% |
6thLeaf CY2023 | 222,660 | +132% |
7thLeaf CY2024 | 205,600 | -8% |
8thLeaf CY2025 | 302,100 | +47% |
9thLeaf CY2026 | 360,000 | +19% |
10th Year+Leaf CY2027+ | 360,000 | — |
* Yield data through CY2025 is actual. CY2026 and beyond are forecasted.
Processor & Crackout Detail
Independent processor weight certificates document six years of harvest quality. The blended edible (crackout) percentage measures the marketable nutmeat recovered from each year's field weight.
Crackout Summary by Crop Year
| Crop Year | Processor | Loads | Field Wt (lbs) | Blended Edible % | Edible Wt (lbs) |
|---|---|---|---|---|---|
| 2020 | Star Nut | 2 | 8,220 | 40.86%(40.0–41.9) | 3,359 |
| 2021 | Star Nut | 2 | 54,900 | 47.66%(47.6–47.9) | 26,163 |
| 2022 | Star Nut | 2 | 94,060 | 45.24%(44.6–45.9) | 42,553 |
| 2023 | Star Nut | 5 | 222,660 | 47.09%(46.5–48.4) | 104,845 |
| 2024 | Avanti Nut Co. | 5 | 205,600 | 47.75%(47.25–48.0) | 98,174 * |
| 2025 | Avanti Nut Co. | 8 | 302,100 | 45.75%(45.06–46.86) | 138,225 * |
* 2024–2025 edible weights (italic) are derived from the reported crackout %; Avanti Nut Co. reports do not print edible pounds. 2020–2023 figures are as reported by Star Nut.
Lot / Load Detail
| Crop Year | Date | Wt Cert / Tag | Lot No. | Field Wt (lbs) | Crackout % | Edible Wt (lbs) |
|---|---|---|---|---|---|---|
| 2020 | 11/5/20 | 5270 | 749 | 4,460 | 40.00% | 1,784 |
| 2020 | 11/5/20 | 5271 | 750 | 3,760 | 41.90% | 1,575.44 |
| 2021 | 10/26/21 | 6597 | RW03045 | 44,540 | 47.60% | 21,201 |
| 2021 | 10/27/21 | 6630 | RW03048 | 10,360 | 47.90% | 4,962 |
| 2022 | 10/22/22 | 8012 | RW03148 | 47,720 | 44.60% | 21,283 |
| 2022 | 10/22/22 | 8015 | RW03149 | 46,340 | 45.90% | 21,270 |
| 2023 | 10/20/23 | 9499 | RW03297 | 51,220 | 46.60% | 23,869 |
| 2023 | 10/20/23 | 9504 | RW03299 | 51,400 | 46.50% | 23,901 |
| 2023 | 10/20/23 | 9507 | RW03301 | 50,400 | 48.40% | 24,394 |
| 2023 | 10/20/23 | 9513 | RW03303 | 49,940 | 46.70% | 23,322 |
| 2023 | 10/20/23 | 9517 | RW03304 | 19,700 | 47.50% | 9,359 |
| 2024 | 11/4/24 | 16375 | — | 45,700 | 47.25% | 21,593 |
| 2024 | 11/4/24 | 16376 | — | 46,180 | 48.00% | 22,166 |
| 2024 | 11/4/24 | 16377 | — | 46,520 | 47.84% | 22,255 |
| 2024 | 11/4/24 | 16378 | — | 44,780 | 47.90% | 21,450 |
| 2024 | 11/4/24 | 16379 | — | 22,420 | 47.77% | 10,710 |
| 2025 | 10/24/25 | 17208 | — | 45,040 | 46.47% | 20,930 |
| 2025 | 10/25/25 | 17233 | — | 36,160 | 46.24% | 16,720 |
| 2025 | 10/25/25 | 17241 | — | 22,000 | 45.21% | 9,946 |
| 2025 | 10/27/25 | 17272 | — | 43,200 | 45.22% | 19,535 |
| 2025 | 10/27/25 | 17273 | — | 41,700 | 46.86% | 19,541 |
| 2025 | 10/27/25 | 17274 | — | 41,980 | 45.48% | 19,093 |
| 2025 | 10/28/25 | 17279 | — | 41,240 | 45.08% | 18,591 |
| 2025 | 10/28/25 | 17282 | — | 30,780 | 45.06% | 13,869 |
Italic edible weights (2024–2025) are derived from crackout %; Avanti Nut Co. reports do not print edible pounds.
Note: Columns with italic headers indicate forecasted data. This includes: Year 7 (2024) cultural costs & overhead expenses, and all Year 8-10 (2025-2027) income and expenses.
Diversified Income
Orchard Production
Primary revenue from walnut sales to established local distributors serving both domestic and international markets.
Tower Lease
Passive income from the 88-foot communication tower currently under lease agreement with telecommunications provider.
Appreciation Potential
Lodi agricultural land values continue upward trajectory as the region gains recognition for premium crop production.
Profit / Loss Summary
| Category | Year 1 2017/2018 | Year 2 2019 | Year 3 2020 | Year 4 2021 | Year 5 2022 | Year 6 2023 | Year 7 2024 Exp. Forecast | Year 8 2025 Forecast | Year 9 2026 Forecast | Year 10 2027 Forecast |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | — | — | $5,341 | $40,699 | $37,624 | $127,234 | $245,452 | $362,520 | $432,000 | $432,000 |
| Total Expenses | $451,695 | $69,570 | $127,780 | $156,972 | $195,920 | $173,894 | $136,064 | $152,000 | $154,000 | $154,000 |
| Profit / Loss | -$451,695 | -$69,570 | -$122,439 | -$116,273 | -$158,296 | -$46,661 | +$109,388 | +$210,520 | +$278,000 | +$278,000 |
* Year 7 (2024) expenses are forecasted. Years 8-10 revenue, expenses, and profit/loss are all forecasted projections.
Profit Projections at Various Price Points
Projected profits for Years 8-10 based on different walnut prices per pound.
| Price/Pound | Year 8 (2025) Forecast | Year 9 (2026) Forecast | Year 10 (2027) Forecast |
|---|---|---|---|
| $0.95 | $134,995 | $188,000 | $188,000 |
| $1.00 | $150,100 | $206,000 | $206,000 |
| $1.05 | $165,205 | $224,000 | $224,000 |
| $1.10 | $180,310 | $242,000 | $242,000 |
| $1.15 | $195,415 | $260,000 | $260,000 |
| $1.20Current Est. | $210,520 | $278,000 | $278,000 |
| $1.25 | $225,625 | $296,000 | $296,000 |
| $1.30 | $240,730 | $314,000 | $314,000 |
All values in this table are forward-looking projections based on forecasted expenses and various price scenarios.
Revenue Summary
60 acres planted. Revenue calculated based on assumed pounds per acre and price per pound.
Annual Revenue
| Year | Lbs/Acre | Price/Lb | Total Revenue |
|---|---|---|---|
| Year 1(2017/2018) | — | — | — |
| Year 2(2019) | — | — | — |
| Year 3(2020) | 137 | $0.65 | $5,341 |
| Year 4(2021) | 915 | $0.74 | $40,699 |
| Year 5(2022) | 1,601 | $0.39 | $37,624 |
| Year 6(2023) | 3,711 | $0.57 | $127,234 |
| Year 7(2024) | 3,427 | $1.19 | $245,452 |
| Year 8(2025)Forecast | 5,035 | $1.20 | $362,520 |
| Year 9(2026)Forecast | 6,000 | $1.20 | $432,000 |
| Year 10(2027)Forecast | 6,000 | $1.20 | $432,000 |
Cultural Costs
| Category | Year 1 2017/2018 | Year 2 2019 | Year 3 2020 | Year 4 2021 | Year 5 2022 | Year 6 2023 | Year 7 2024 Forecast | Year 8 2025 Forecast | Year 9 2026 Forecast | Year 10 2027 Forecast |
|---|---|---|---|---|---|---|---|---|---|---|
| Chemicals | $19,155 | $5,770 | $14,574 | $12,193 | $22,657 | $10,660 | $12,000 | $12,000 | $12,000 | $12,000 |
| Labor Contractor - Other | — | — | — | $2,000 | $2,164 | $308 | — | — | — | — |
| Mowing | — | — | $1,788 | $5,593 | $12,737 | $7,771 | $6,000 | $6,000 | $6,000 | $6,000 |
| Pruning / Suckering | — | — | $32,206 | $54,697 | $45,238 | $52,149 | $2,500 | — | — | — |
| Hoeing | — | — | $6,166 | $9,777 | $7,583 | $2,329 | — | $2,500 | $2,500 | $2,500 |
| Irrigation Repair | — | — | $6,467 | — | $4,337 | $942 | $1,000 | $1,000 | $1,000 | $1,000 |
| Shredding | — | — | $1,398 | $1,463 | $4,664 | $4,420 | — | — | — | — |
| Chemical Spraying | — | — | $4,158 | $6,175 | $11,241 | $9,494 | $10,000 | $10,000 | $10,000 | $10,000 |
| Irrigate (Electricity) | $11,460 | $12,000 | $23,000 | $21,863 | $32,254 | $31,677 | $32,000 | $32,000 | $32,000 | $32,000 |
| Total Cultural Costs | $30,615 | $17,770 | $89,756 | $113,760 | $142,875 | $119,750 | $63,500 | $63,500 | $63,500 | $63,500 |
Irrigation & Pump Runtime
The property's 100 HP irrigation pump is metered by PG&E, providing a documented six-year record of seasonal water application. Runtime hours are derived from the metered kWh on each PG&E statement.
Total metered runtime 2020–2025
Avg. per full season 2020–2024
Peak month July 2025
Busiest year 2020
Monthly Pump Runtime (hours)
| Month | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 thru Aug | Total |
|---|---|---|---|---|---|---|---|
| May | 39 | 85 | 96 | 1 | 23 | 38 | 282 |
| Jun | 199 | 190 | 192 | 113 | 118 | 291 | 1,103 |
| Jul | 174 | 255 | 219 | 169 | 154 | 336 | 1,308 |
| Aug | 277 | 197 | 273 | 220 | 160 | 255 | 1,382 |
| Sep | 299 | 171 | 194 | 222 | 111 | — | 996 |
| Oct | 61 | 49 | 37 | 83 | 125 | — | 354 |
| Nov | 13 | — | 23 | 24 | 24 | — | 85 |
| Annual Total (hrs) | 1,062 | 947 | 1,034 | 832 | 715 | 920 | 5,510 |
Hours are approximate, derived from metered kWh on each PG&E statement for the 100 HP pump; the corresponding electricity cost appears under Cultural Costs → Irrigate (Electricity). The pump is off Dec–Apr, outside the irrigation season. Statements lag pumping by ~1 month, and the Sep–Nov 2025 bills had not yet posted at the time of export.
Overhead Expenses
| Category | Year 1 2017/2018 | Year 2 2019 | Year 3 2020 | Year 4 2021 | Year 5 2022 | Year 6 2023 | Year 7 2024 Forecast | Year 8 2025 Forecast | Year 9 2026 Forecast | Year 10 2027 Forecast |
|---|---|---|---|---|---|---|---|---|---|---|
| Liability / Property Insurance | — | $4,000 | $4,000 | $4,000 | $4,103 | $3,334 | $3,500 | $3,500 | $3,500 | $3,500 |
| Farm Management | $9,000 | $9,000 | $9,000 | $9,000 | $9,600 | $9,600 | $12,000 | $12,000 | $12,000 | $12,000 |
| Property Taxes | $6,000 | $6,000 | $7,000 | $8,273 | $12,356 | $16,210 | $18,000 | $15,000 | $15,000 | $15,000 |
| Harvest Costs | — | — | $18,023 | $17,939 | $20,000 | $25,000 | $39,064 | $58,000 | $60,000 | $60,000 |
| Total Overhead Costs | $15,000 | $19,000 | $38,023 | $39,212 | $46,059 | $54,144 | $72,564 | $88,500 | $90,500 | $90,500 |
Crop Revenue Details
Detailed breakdown of crop payments received throughout each harvest year.
| Crop Year | Total Lbs | Yield/Acre | 1st Payment | 2nd Payment | 3rd Payment | Final Payment | Crop Revenue | $/Lb |
|---|---|---|---|---|---|---|---|---|
CY2020 3rd Leaf | 8,220 | 137 | $1,644.00 | $1,808.40 | $1,808.40 | $80.41 | $5,341 | $0.65 |
CY2021 4th Leaf | 54,900 | 915 | $16,470.00 | $8,235.00 | $5,490.00 | $10,503.60 | $40,699 | $0.74 |
CY2022 5th Leaf | 96,040 | 1,601 | $14,109.00 | $3,762.40 | $6,584.20 | $13,168.40 | $37,624 | $0.39 |
CY2023 6th Leaf | 222,660 | 3,711 | $35,625.60 | $26,719.20 | $26,719.20 | $38,169.54 | $127,234 | $0.57 |
CY2024 7th Leaf | 205,600 | 3,427 | $41,120.00 | $41,120.00 | $82,240.00 | $80,972.18 | $245,452 | $1.19 |
CY2025 8th Leaf Rev. Est. | 302,100 | 5,035 | — | — | — | — | $362,520 | $1.20 |
CY2026 9th Leaf Forecast | 360,000 | 6,000 | — | — | — | — | $432,000 | $1.20 |
CY2027 10th Leaf Forecast | 360,000 | 6,000 | — | — | — | — | $432,000 | $1.20 |
* Yield data through CY2025 is actual. CY2026 and beyond are forecasted. CY2025 final payments not yet received; payouts expected in CY2026.
Planting Costs
| Category | Year 1 2017/2018 | Year 2 2019 | Year 3 2020 | Year 4 2021 | Year 5 2022 |
|---|---|---|---|---|---|
| Land Preparation & Dirt Work | $65,040 | — | — | — | — |
| Purchase of Trees | $120,000 | $1,800 | — | — | — |
| Labor (Plant, Prune, Stake, etc.) | $54,540 | $31,000 | — | — | $6,986 |
| Sale of Removed Tree Stakes | — | — | — | $4,000 | — |
| Irrigation/Pump/Sand Filter | $166,500 | — | — | — | — |
| Total Planting Costs | $406,080 | $32,800 | — | $4,000 | $6,986 |
The information presented herein is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy. Prospective investors should conduct their own due diligence and consult with qualified advisors before making any investment decisions. Past performance is not indicative of future results.Forward-looking statements are projections and estimates only. Actual results may differ materially.