For an as yet undisclosed amount, Gold Leaf Farming has acquired 1,850 acres of almond orchards located in California’s San Joaquin Valley. The Mendrin Group acted as exclusive advisory to the seller, an unnamed, multi-generational family partnership with a long agricultural history in the state.
“The market for almond and pistachio orchards in California is strong, with the number of buyers easily outnumbering quality orchards available to purchase,” stated Al & Josh Mendrin.
This is the second significant California acreage deal to recently be facilitated by The Mendrin Group. In the early days of February, the group represented The Bianchi family, based in Soledad, California, for the long-term lease of the Bianchi Big Bench – a parcel of 846 continuous acres in Salinas Valley to Wonderful Citrus.
Wonderful Citrus, the grower, packer, shipper, and distributor of citrus fruits in North America, plans to develop the land into orchards for the production of Wonderful Seedless Lemons – a new variety of premium, naturally seedless, non-GMO Project Verified branded lemons in the U.S. and Canada.
Gold Leaf Farming, the buyer involved in this latest deal, is a young agricultural company founded by Jack McCarthy, an experienced food and agriculture investor with a recent focus on specialty crops, and Brandon Rebiero, an almond grower, manager, and consultant for approximately 20,000 acres of predominantly permanent tree crops across California.