Agrícola y Comercial Galt’s Gulch SpA
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The goal of this IPO is to raise capital to fund land acquisition, expansion, and improvements to the operations of the organic working farm located within the boundaries of Galt’s Gulch Chile (GGC).
Currently, the farm has approximately 52 acres of land in production, 45 acres of which are covered with mature Eureka lemon trees, one of the best performing crops in Chile. Approximately 3,600 avocado trees of several varieties cover the remaining seven producing acres.. An additional 70+ acres are currently being prepared and planted as non-GMO organic crops, including a variety of fruits, vegetables, nuts, herbs, and spices. The irrigation system is presently under renovation and expansion. Investment is also underway for organic soil enhancement, organic certification processing, building renovations, and equipment purchase and repair.
Expected improvements to the irrigation system include the repair and/or replacement of the farm’s drip system, where required, and the installation of additional valves to more efficiently and cost-effectively divert water. Six to eight new water wells, of 30 to 50 meters in depth, are planned. Eventually, photovoltaic (PV) energy will be used to power the pumps for these wells. At this stage, the water supply of the GGC farm and community will become independent from the power grid, eliminating power outages and minimizing the cost of electricity. Once installed, the PV water-pumping system will allow for a cost-effective means to transport water from the underground aquifers to higher elevations at Galt’s Gulch.
Cisterns and reservoirs will be excavated and lined to hold fresh water for future use. While promoting additional biodiversity throughout GGC, these cisterns and reservoirs will help to ensure that a significant portion of the irrigation system will be gravity-fed, opening up the possibility of generating a small amount of hydro-electric power during the rainy winter season.
The GGC organic farm plans to incorporate an organic greenhouse for the cultivation and nurturing of a variety of crop seedlings. The farm management team will implement a focused and concerted effort to brand and market Galt’s Gulch Organics™ globally to a growing number of markets demanding high quality non-GMO organic foods. Branding will strengthen the revenue stream from crops grown at the GGC organic farm.
Based on recent production levels, expectations are that the GGC organic farm will sell approximately 5.5 million lemons in 2014. Based on proper care and planned improvements to the farm, management expects yields to increase to over 11 million lemons annually within two years, for significant annual net profits to those owning shares in the farm. The lemon orchards comprise approximately 35% of the farm's total area, with the remaining 65% now being planted during 2014 with diverse Galt’s Gulch Organics™.
The GGC organic farm has six residential buildings that will be renovated into The Inn at Galt’s Gulch and a Guest Haciendas at Galt’s Gulch. Both The Inn and the Guest Hacienda will soon operate as nightly accommodations for the many visitors, residents, clients and friends of GGC. They will be rented on a per-night basis at rates similar to upscale hotels in central Chile, with a projected occupancy rate of 50% throughout 2014, at nightly rental rates of $150 to $200 USD. This represents an additional $200,000 USD in net 2014 revenues accruing to the GGC organic farm. With occupancy rates increasing beyond 50% in future years, rental revenues will correspondingly increase.
Considering the combination of potential farm and guest-rental revenues, the GGC organic farm program represents an attractive investment for those interested in appreciating hard assets. The investment addresses an ever-increasing market demand for non-GMO organic food, as well as farmland to grow it.
This offering represents the availability of one million (1,000,000) fractional shares of Galt’s Gulch Chile (GGC) Organic Farm, near Curacavi, Chile. Each one thousand (1,000) FRACTIONAL shares represent one FULL share of the GGC organic farm. Each FULL share entitles the holder to 0.01% revenue equity in Agricola y Comercial Galt’s Gulch SpA, the Chilean corporation that is purchasing the GGC organic farm from the GGC land holding corporation. Revenues for this program are derived from sale of produce generated by the GGC organic farm and income generated from the rental units located on the farm. Dividends will be paid on a monthly basis.
Individuals interested in 65 FULL shares or more should contact GGC directly regarding our Founders Club program. More information is available at www.galtsgulchchile.com
GGC has substantial equity built up in the GGC master-planned project, of which the GGC organic farm is a
part. The GGC project has one of the largest registered water rights resources in Central Chile, totaling nearly 800 liters per second of registered underground and surface water rights. This equates to unfettered access to many billions of liters of water annually, allowing for a long-term abundance of fresh clean drinking and irrigation water for lease, sale and use. The management of the GGC project intends to exploit these opportunities, without sacrificing or selling its water rights. These registered water rights opportunities lend substantial financial stability to all aspects of the GGC project, including farming operations.
The commercial value of registered water rights is obvious by looking at the volume of water created in one year from just one liter per second of registered water rights. One liter per second for one year equals more than 31,500,000 liters of fresh water that GGC can sell, lease, or commercialize in multiple ways. Based on a net profit of $.01 per liter, one liter per second of water would produce an annual net profit of over $315,000 USD. Based on GGC’s nearly 800 liters per second of registered water rights, it is in a position to raise significant capital for expansion and operations, etc., by commercializing these rights.
Another source of financial stability for GGC is the land assets held by the land holding corporation of GGC, Inmobiliaria Galt’s Gulch S.A., a privately held Chilean corporation. The GGC land surrounding the GGC organic farm, totaling over 6,600 acres, is currently being mapped for several hundred residential building lots, ranging in size from 1.25 acres to more than 25 acres. Several dozen lots are already sold, with land sales expected to remain brisk as roads are completed and the infrastructure of the project is expanded during 2014. The project is gaining in notoriety, and substantial revenues will be used to market and advertise the GGC organic farming operations worldwide, in addition to the marketing of the complete GGC project.
Marketing includes a documentary television series on the building of GGC; to air North America to, in part, brand the Galt’s Gulch Organics™ product line. Initial taping of the series is complete and will be presented to networks in the near term. The documentary series, among other creative marketing and branding strategies, will build worldwide demand for the GGC line of non-GMO organic produce and whole food products. Several high-profile libertarian speakers, entertainers and authors are joining the GGC Partners program, working directly with GGC to market the community and the GGC organic farm to clients, fans and followers.
The financial assets and income streams of the parent company, along with a carefully designed farm business plan, are designed to ensure that farm investors have several layers of financial security built into their investment, helping to create significant upside with hard tangible assets that will always be in high demand globally.Executive Summary:
Agricola y Comercial Galt’s Gulch SpA (GGSpA) is acquiring the 50-hectare (124 acres) Galt’s Gulch Chile (GGC) organic working farm from Inmobiliaria Galt’s Gulch S.A. (GGSA), the land-holding corporation of the GGC real estate project. GGSpA intends to market and brand the Galt’s Gulch Organics™ product line of non-GMO organic foods via a variety of marketing avenues, including television, the Internet, GGC Partners and affiliates, and direct marketing to niche markets globally. The GGC organic working farm is, and will remain, non-GMO and organic, ensuring only the highest quality and purity in its product line. The GGC farm will use the best organic micronutrient formulas available to boost the immunity, nutrient levels, flavor and longevity of the crops on the farm.
The farm’s current crops consist of Eureka lemon trees and avocado varieties. The lemon trees cover approximately 45 acres, or 35%, of the farm, and 3,600 avocado trees cover approximately seven acres. The remaining 70+ acres of the farm, is meadow, terraced and row-crop farmland, where GGC is introducing new non-GMO organic fruit and nut trees, vegetables, herbs and spices for harvest beginning in 2014. It is projected that 5.5 million lemons will be sold from the farm in 2014, with forecasts doubling yields within two years to over 11 million lemons, based on farm improvements. Many of the new organic crops planted at the GGC farm will produce sizable revenues in 2014, with others taking between one to two years to produce considerable revenues. The management team of the GGC farm expect to see consistent and sizable increases in revenues for years to come. Business Description:Business Description of Existing Farm Operations
Galt’s Gulch Chile (GGC) is located in an area with a predictable and moderate Mediterranean climate, conducive to the growth of a wide array of fruits, vegetables, nuts and other crops. GGC is now offering for sale interests in the GGC organic working farm located within the private gates of the GGC community.
The GGC organic farm has been operating for the last three years without the use of chemicals. The environmental and agricultural teams at GGC are in the process of obtaining organic certification in Chile for the GGC farm.
The farm’s current crops consist of Eureka lemons and various avocado varieties. The fully mature lemon trees comprise the largest portion of the farm, covering approximately 45 acres of the 124 acres of the farm. GGC has approximately 3,600 avocado trees, which are in different states of production and condition. Analysis and preparations are underway to recoup optimal productivity and health for all existing trees that have not been properly managed by the previous owners in recent years.
Over 70 acres of the farm is soon to be a diverse mix of non-GMO organic crops designed to both feed the GGC community (at market prices) and to sell on the open market. Crops will be rotated, as is prudent, to meet the high standards established by the GGC farm, as well as to maximize profits for the owners.
A GGC greenhouse, located near the clubhouse, will be used to cultivate new crops such as tropical fruits, stevia, hemp, and tobacco and also to nurture seedlings to be planted on the farm.Summary of current crops in production:
The existing organic lemon trees were planted with the lower trunk and the roots of the trees being of varieties best suited for the soil conditions of the GGC farm. The upper trunk, branches, flowers and fruit are predominately comprised of the Eureka variety, known for strong and consistent fruit, and a high demand in the marketplace.
These hybrid varieties make for optimal production year round and yield a very high quality of
fruit. Many varieties of fruit trees, including lemons, were brought to Chile years ago from Central America. In central Chile, lemon trees are known to remain productive over fifty years, thanks to the Mediterranean climate, characterized by moderate rainfall and moderate year-round temperatures. The majority of lemon trees were planted between 2000 and 2007, and the remainder during the 1990s, allowing for most all of the trees to be of the proper age for full production, with decades of future production remaining. Should diminishing returns occur on any trees, new trees will be planted to ensure consistent production. The Eureka variety is one of the most popular varieties of lemon around the world, with yields ranging up to 120 tons per hectare annually. The farming team expects to reach this output within one to two years.
The farming team is implementing best practices to realize the best sustainable yields possible, including state-of-the-art water filtration and treatment, organic composting, optimal crop placement and rotation, and use of thriving bee colonies for pollination. GGC has created unique adobe bee colonies for use throughout the GGC farm. These unique colonies protect the honey from being removed, providing bee population immunity and improved genetics, allowing for a thriving bee population on the GGC farm to increase yields.
Based on past crop performance and the known yields of the lemon varieties in use, the GGC farm is expected to be a profitable and stable operation in the short term, with significant increases in returns in the mid- to long-term.
In the past two years, pre-GGC acquisition, the farm has sold approximately 51 tons of lemons per hectare annually to local pickers and wholesalers. This production level is far below average for comparable lemon orchards in the region. We estimate that with renewed investments in fertility, irrigation, pruning and improved harvesting processes, production will double in the next two years, to a level competitive with, and exceeding, output levels for Eureka lemon crops elsewhere in Chile.
The current production levels are calculated from the number of truckloads of lemons sold over the past year by the farm’s previous owners. Class A lemons represent 60% of the lemons sold, with Class B lemons comprising 30% and Class C, the remaining 10%. Lemons that have typically been cast aside due to unusual shapes or size will be used in organic lemon juice, lemon oil and lemon rinds, to maximize the profits in products where visual appeal is not necessary. Tourism:
Within the GGC farm, there are six residential structures in the process of renovation and subsequent use as nightly guest rental units for visiting GGC residents, clients and guests. A five-unit residential structure will become the Inn at Galt’s Gulch, with the sixth residential structure to be leased out as a freestanding Guest Hacienda. The Inn and Guest Hacienda have a rustic flair, yet include all of the amenities one would expect at an upscale hotel or resort.
The rooms in the Inn at Galt’s Gulch and the freestanding Guest Hacienda are projected to rent for $150-200 USD per night. They will have road access, 220-volt power, hot and cold running water, Internet access, television, full maid service, room service and amenities typical for upscale hotels, while allowing those staying there to experience all of the beauty of living at GGC.
For investors in the organic farm offering, the Inn at Galt’s Gulch and the Guest Hacienda represent steady additional passive income that will be distributed to the owners of the GGC organic farm as part of their monthly revenues.Galt’s Gulch Organics Brand Positioning:
Premium organic crops generally command twice the wholesale price level of conventional lemons. All of the crops from Galt’s Gulch Organics will be positioned as a top-tier premium brand. Market pricing varies for any product, and organic crops are no different.
Elements that GGC can control with a large degree of certainty are output levels and product quality. Given GGC’s location in a mild and fertile area, where moderate year-round climate and predictable rainfall amounts offer prime growing conditions, there is little risk of adverse weather conditions affecting crop yields.
Predictable weather conditions allow for equally predictable yields and a high level of quality. When other areas of the world that grow the same crops as GGC experience adverse weather conditions that damage or destroy crops, the GGC farm can, and will, capitalize on the resulting increased demand created by the sudden shortage in supply. Value Added Products and Diversification:
The management team of the GGC organic farm intends to target niche markets for its organic line of produce, as well as all possible byproducts of the growing operations, such as lemon oils, organic mulch, organic seed banking, organic honey, etc. This will allow the farm to realize a strong revenue stream from all aspects of operations, while also staying in line with the philosophy behind GGC…to live in a sustainable and responsible manner with nature, while also maximizing profits for the free-market investors of the GGC farm. Summary of existing and planned land use allocations for various crops:
Lemons comprise the largest portion of the farm, totaling approximately 45 acres
The Eureka lemon variety yields range up to 120 tons per hectare annually, which GGC farm management expects to realize within the next 1-2 years.
Avocados comprise the other crop currently in production, with approximately 3,600 avocado trees covering 7-8 acres, made up of Haas, Fuerte, La Cruz and Bacon varieties.
New Crops will soon cover over 70 acres of the farm. These new crops will all be non-GMO organic crops. Preparations for these new crops include new planting, fertilization and irrigation modifications and repair. There will be approximately two-dozen new species of non-GMO organic fruits, vegetables, nuts, herbs and spices in this section of the GGC farm.
Some of these new crops will be rotated seasonally throughout the year with various annuals. For example, corn planted on the farm in October will be harvested in March and replanted with squash varieties in May. Crop rotations allow for maximizing profits for investors, but in a manner that is conscious of maintaining crop and soil health and longevity. Definition of Market:Global market survey of factors relevant to citrus
The market for imported citrus into the U.S. has been steadily increasing in recent years, with 20% of U.S. consumption coming from other countries. Imported lemons account for more than 10% of total U.S. lemon consumption. Chile and Mexico are the primary exporters to the U.S. market and the GGC farming operations intend to maximize profits in exploiting this demand under the Galt’s Gulch Organics™ brand.
Today, citrus fruit makes up one-fifth of all fresh fruit consumed in the United States. Citrus fruit imports to the U.S. exhibit some seasonality resulting from peak harvesting schedules of exporters.
A large portion of U.S. lemon production is located in California and Arizona. Californian producers are able to store production long enough to supply the high-demand summer season, with imports being highest during the summer months, to cover the demand at this time of the year, which is the peak time of the year at GGC for lemon yields.
During the summer months in the northern hemisphere, U.S. production is just gearing up for harvest and domestic supplies are at their lowest, creating increased demand for imported lemons. Chile is a primary source for lemon importation, due in part to Chilean exporters’ being able to ship lemons duty-free to the U.S. via free-trade agreements.
As with lemons, the U.S. mandarin and tangerine industry is increasing production to meet growing consumption. However, imports make up a significant portion of U.S. mandarin consumption, and fruit is typically consumed fresh.
Summary of Global Import/Export of Fresh Lemons and Limes
Mexico, the European Union, Argentina, the United States and Turkey are the largest producers at 2.1 million tons, 1.4 million tons, 1.3 million tons, 770,000 tons and 750,000 tons respectively in 2012.
The United States and European Union are major lemon/lime importers at 440,000 tons each in 2012, followed by Russia with 200,000 tons. Canada and Saudi Arabia each imported 90,000 tons in the same year.
The GGC farming team intends to continually monitor worldwide demand for top quality non-GMO organic produce, so as to always achieve top dollar for the GGC product line, while seeking out new farmland for expansion of the Galt’s Gulch Organics brand to meet the anticipated demand for it in the marketplace around the globe. Market Retail Price Survey in Chile:
Local prices in the central regions of Chile for conventionally grown lemons range from 550 Chilean Pesos (CLP) up to 1,500 CLP per kilogram ($1.20 - $3.00 USD/kg. $.20 - $.50 USD/lemon), depending on the time of year and on international market demand for Chilean crops. Local pricing is affected, when exports command top dollar for Chilean organic crops. The GGC farm will be supplying organic, rather than conventionally grown, produce, which our team expects to draw substantially higher prices than is illustrated here. These higher prices will more than likely be achieved in the short term via international exportation of GGC organic crops, as demand for organic produce within the borders of Chile continues to levels of demand consistent with levels in the U.S., Canada, Asia and Europe.
Farms supplying direct to grocery stores can expect to earn 35-50% of retail price for produce supplied directly to stores. Beyond lemons, two examples existing crops on the GGC farm and citrus orchards include:
Key limes retail at grocery stores in Chile at pricing ranging from 3,000 to 4,000 CLP per kilogram ($6.00-8.00 USD/kg), while avocados are typically priced at 2,250 to 3,000 CLP per kilogram ($4.50 to $6.00 USD/kg), allowing for considerable profit margins on these crops for the owners of the GGC farm.Products and Services:
As previously described, two crops currently in production at the GGC farm are Eureka lemons and a variety of avocados. The new crops that are currently in the planning and planting stages include walnuts, grapes, key limes, raspberries, cauliflower, almonds, pumpkin squash and an array of other highly profitable organic crops.
The GGC team anticipates the crops at GGC to remain healthy and in high production for decades based on management, investment and the consistent use of best practices.
The use of cutting-edge water filtration and treatment, organic composts, proper crop placement and rotation and utilization of our thriving bee colonies will continue to promote high yields of excellent, high-quality fruit.
The team has contracted consultants in the areas of:
• Certified-organic seed acquisitions
• Soil acidity and pH testing via university lab testing
• Irrigation, filtration and water retention evaluations
GGC is evaluating potential local and international markets to obtain top pricing for the high quality organic lemons and other organic produce grown at the farm.
In addition to produce, several residential structures at GGC are under renovation for use in the GGC Guest Hacienda program. The haciendas at Galt’s Gulch are on-site nightly accommodations for clients and guests to rent one of the units at rates comparable to hotels in Santiago, Casablanca and Vina del Mar.
Tourism marketing for the Guest Hacienda program will be undertaken by the Galt’s Gulch marketing and sales outreach related to the rest of the complete GGC project, as well as through existing channel partners such as Josh Tolley, wearechange.org, Patriots Lament, dollarvigilante.com, knowmadiclife.com, wendymcelroy.com and many others. Galt’s Gulch Chile has recently been featured on RT (Russia Today), Bloomberg and Fox News, with many magazines and news outlets reaching out to GGC to learn about the project and publicize it to their viewers and readers.Organization and Management:
Agricola y Comercial Galt’s Gulch SpA is formed as a Chilean shareholder corporation under Chilean law, soon to be inscribed and published in the proper channels, allowing for the corporation to take title to the GGC organic working farm.
Galt ́s Gulch Chile was founded by entrepreneurs who envision living in a thriving and safe environment. Members of the GGC team include:
Ken Johnson, GGC managing partner, has an extensive background in the fields of real estate, alternative medicine, and the environmental and renewable energy industries. Mr. Johnson has worked with numerous high-profile Hollywood celebrities, such as Jay Leno, Ed Begley Jr, Larry Hagman and others on television and Internet projects to educate the public and brand product lines in the environmental industry. He has worked as a consultant in real estate, renewable energies, asset diversification, investing and relocation around the globe.
Jeff Berwick, a founding GGC partner, has been featured on many popular television news and radio shows and writes a popular blog, The Dollar Vigilante. Jeff Berwick started Stockhouse.com in the early 1990 ́s, Canada ́s premier investment website and is one of GGC’s spokespeople, helping to brand GGC around the globe.
Renzo Rezzio, farm manager, is a local Chilean whom has years of experience in the permacultural, agricultural and horticultural industries in Chile, running teams ranging in size up to 600 workers. Renzo has a deep understanding of crops in Chile and is committed to making the GGC farm the absolute best in Central Chile.
Adolfo Aguirre, environmental planner, is a local Chilean, with over 30 years of environmental planning experience in Boston and Southern California, as well as Chile. Upon returning to Chile six years ago, Mr. Aguirre has been working closely with numerous universities and governmental agencies to further environmental projects and causes in Chile. Mr. Aguirre is a technical and environmental expert and advisor with the University of Chile and plans to incorporate college educational courses and work programs into the growth and expansion of the GGC farming operations and the GGC project as a whole.
Manuel Hermosilla, environmental planner, is a local Chilean, with decades of experience working with all of the governmental agencies in Chile, such as CONAF, DGA, DOH, SAG and others. Mr. Hermosilla is a highly sought after consultant in the mining industry and real estate industry, where his services are typically utilized to ensure that mining and real estate projects stay in accordance with all Chilean laws, helping such projects to become a reality in as efficient a manner as possible. Mr. Hermosilla now works with GGC on a full-time basis, running a sizable portion of the GGC teams on-site at the farm and the real estate project as a whole. The Market for Galt's Gulch Organics:
Organic, biodynamic and natural labels are rapidly growing in popularity worldwide. From popular retailers such as Whole Foods, and many other examples of boutique outlets, the market for organic products has tripled within the past decade.
As Chile and other worldwide emerging markets attain higher standards of living, the greater purchasing power of residents of such countries is being directed to higher-quality products, including food.
Galt ́s Gulch Organics is poised to supply this new exploding worldwide demand for non-GMO organic foods and byproducts.
Three primary sales channels are:
• International Export and Distribution
• Local/Regional Chilean restaurants and grocery store chains
• Galt’s Gulch Chile community residents
GGC primary farm product categories currently include:
• Organic citrus: lemons, oranges, grapefruit, nectarines, pears, avocado, green apples, plums, raspberries
• Organic grapes and wine
• Organic nuts: almonds, walnuts
• Organic vegetables: green peas, zucchini, pumpkin squash, peas, cauliflower, corn, broccoli, spinach, cabbage, kale, lettuce, tomatoes, swiss chard
• Organic beans: fava beans, garbanzo beans, lentils
• Organic herbs and spices: basil, oregano, fennel, mint, sage, lavender, arugula, rosemary
Value-added products will also include a wide range of offerings such as:
• Organic lemon oils for cleaning products
• Organic lemon juice, lemonades and concentrates
• Preserved organic lemons, a Middle-Eastern staple
• Organic honey
• Organic essential oils, natural vegetable oils and fruit oils
• Prepared, preserved and sun-dried varieties of tomatoes, olives, raisins, currants, artichokes, chutneys, jams, jellies
• Organic compost
Looking ahead to 2020, future plans include:
Worldwide marketing and branding campaigns educating people on the importance of non-genetically modified foods, as well as organic foods, while branding Galt’s Gulch Organics™ as the product line to trust
Expansion of the GGC organic farm to nearby land parcels, as well as possibly other regions of Chile, and South America, as is prudent and market demand necessitates. This will be done in order to maximize shareholder profits and solidify Galt’s Gulch Organics™ as a worldwide leader in wholesome and healthy foods.
Strong channel partner and marketing partner relationships established to help ensure product branding and education of the importance of the product line to the health and well-being of all of us.
Full production yields of fruit and nut trees planted in 2013-2014
Branded kiosks, display stands, exporters and international shipping of Galt’s Gulch Organics™ fruits, vegetables, nuts and food products
GGC is researching key international export markets as part of our sales and marketing plan. There are very strong seasonal opportunities throughout the world, namely in the U.S., Canadian, European and Asian markets.
The North American sales and marketing focus will aim to gain distribution through one or more major grocery chains such as Albertsons-Supervalue, Safeway and Kroger, along with regional and high-end grocery chains such as Wegmans, Kings, Trader Joes and Whole Foods. GGC sales and marketing staff includes people with experience selling to these specific retailers.
A full time multi-lingual experienced sales person will focus on developing and maintaining all of our local and international grocery accounts for the first four to five years.
In Europe, TESCO is a target leading chain selling quality organic foods to a high-income demographic. In Russia, Magnit is leading targeted retailer, as it is the most innovative and cutting edge grocery chain in Russia with more than $12 billion in sales per year (USD).
GGC is also surveying and identifying the best local and Chilean markets for all existing and future produce, with relationships being established with popular grocery stores, markets, restaurants and restaurant chains in the Santiago region and Valparaiso region.
Investors in the GGC Organic Farm will enjoy the opportunity for additional investment into future farmland acquisitions in Chile, and elsewhere, to expand and strengthen the brand, with a continue emphasis on steady growth and increased market presence and demand for the Galt’s Gulch Organics™ product line. Planned Capital Expenditures, Equipment, Buildings:
Land acquisition - $3,000,000 – acquisition of the 50-hectare farm, farm buildings and residential buildings on-site
Planting of new crops - $250,000 – acquisition of certified organic seed and seedlings, labor and maintenance of planting process
Irrigation system improvements* - $500,000 – repair or replacement of drip lines, diverter valves, pumps, additional canals
Guest Hacienda improvements - $300,000 - renovate and expand existing buildings for use as income-generating nightly rentals for GGC guests.
General GGC improvements* - $100,000 - general upgrade of existing buildings, office space
Farm Equipment* – purchase of produce sorting equipment, delivery trucks and tractors - $500,000
*Costs are shared by the owners of the five organic lemon orchards within the GGC farming complex, as such items are shared with these orchards and all on-going maintenance of such items will be shared in direct proportion to acreage and usage. Projections:https://www.mediafire.com/?77v7qgiirsn8harDisclaimer:
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