Investor group buys 1,200 almond acres in Fresno County to take them natural
Picture through the Almond Board of California.
A Madera man backed by a bunch of traders has bought practically 1,200 acres of almonds in west Fresno County with a plan to go natural.
Bikram Singh, CEO of Madera-based Nia Ag Options, purchased the eight parcels close to Cantua Creek and one parcel straddling the San Luis Mendota Canal for $15 million. The acquisition is an element of a bigger technique to amass producing acreage and transition it to natural — a years-long course of.
Singh at present manages greater than 10,000 acres and within the final three years has acquired greater than 2,200 acres of Fresno County almonds along with his traders.
Gaining natural certification shouldn’t be a simple course of, mentioned Singh in an electronic mail. The crops have to be freed from fertilizers and chemical compounds for 3 years earlier than they’ll obtain certification below U.S. Division of Agriculture requirements.
Singh mentioned producing natural crops has been his mission since he started farming.
“After I began farming over 15 years in the past, it actually bothered me to see how we have been polluting Mom Earth with extreme use of herbicides,” Singh mentioned.
Singh mentioned the natural market has advanced drastically within the final 15 years. Natural almonds promote for nearly double what non-organic almonds promote for. On the identical time, Singh mentioned progress within the natural market has been inconsistent, which he attributes to excessive demand and low provide. He’s at present in open negotiations with main nationwide retailers to develop into a vendor for natural almonds, he mentioned.
The funding group behind Singh is made up of medical doctors, monetary advisors, entrepreneurs and extra, situated from Los Angeles to San Jose.
Nitti Kaur of Abundance360 Inc. offered actual property advisory providers for the acquisitions.