Aug 23, 2021

1,174 acres of almonds purchased with plan to go organic

Gold Leaf Farming recently announced the purchase of a new 1,173-acre almond orchard located within James Irrigation District in California’s Fresno County that the company intends to transition to organic.

The orchard was acquired from multigenerational landowners with AgriWealth Inc. operating as the sole Broker in this transaction.

Gold Leaf’s farming team, led by Brandon Rebiero and Manuel Almanza, is thrilled to farm the orchard. Gold Leaf will continue many of the excellent farming practices of past owners while converting the almonds from conventional to organic.

“We are excited about this acquisition,” Gold Leaf‘s Josh Guggenheim said in a news release. “This property’s characteristics, in particular the high yield and secure water rights, align well with our firm’s focus to own structurally advantaged farms with low cost of production for the long-term.”

Gold Leaf Farming owns and operates almond, pistachio, and date farms in California and Arizona. According to the news release, the company holds traditional farming values in high regard, “taking pride in quality operations, only buying farms we’d be happy to own forever, and staying grounded in values like hard work, responsibility and integrity.

“As next-generation growers, we build upon that tradition with a focus on sustainability, responsible employment, and technology,” according to the news release. “We are a young, dynamic company growing our acreage and team in 2021 and beyond. As younger growers, we are aiming to build a farming company for the long-haul that will emulate our values.”

Formed in 1920, the James Irrigation District encompasses more than 26,000 acres of mostly agricultural land in central Fresno County, including the City of San Joaquin, according to the district’s website.

AgriWealth Inc. is a real estate brokerage practicing real estate brokerage, management and consulting for a number of clients throughout the state of California.