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TIPS FOR FINANCIAL PLANNING THROUGH THE DROUGHT<br />
By JEFF BOWMAN | Grimbleby Coleman CPAs<br />
Longer-term conditions are impacting the value of land based on the future water outlook, and this impacts both the net worth of the owner and<br />
the value of securities that might be the source of lending from the grower’s bank (photo courtesy California Farm Water Coalition.)<br />
WALNUTS & ALMONDS<br />
WALNUT AND ALMOND PROCESSING EQUIPMENT<br />
Walnut<br />
Almond<br />
Equipment<br />
CONTACT US<br />
Equipment<br />
• Receiving<br />
TODAY<br />
Receiving •<br />
• Precleaning TO GET A QUOTE<br />
Precleaning •<br />
• Hulling<br />
FOR THE BEST<br />
Hulling •<br />
• Drying<br />
PRICES<br />
In-Shell •<br />
• In-Shell<br />
Shelling •<br />
• Shelling<br />
Almond Drying •<br />
• Eletronic Sorting<br />
Eletronic Sorting •<br />
• Hand Sorting<br />
Hand Sorting •<br />
• Packaging<br />
Packaging •<br />
Custom Sizing to Fit Your Needs<br />
Serving the California Walnut &<br />
Almond Industry for over 25 years.<br />
Contact Us Today<br />
209.883.2817<br />
3200 TULLY ROAD, HUGHSON, CA • Grossifabrication.com<br />
As we watch growers rapidly implementing deficit<br />
irrigation to keep their crops alive with what water they<br />
have, protecting those same growers against wild financial<br />
fluctuations has never been more important. While much<br />
decision-making and troubleshooting is being executed at the<br />
moment, it’s a crucial time to set some concrete plans.<br />
The lack of water has meant diminished current-year<br />
crops, leading to less revenue. Undeveloped land must<br />
continue in fallow condition so that water allotments can<br />
be used elsewhere on existing crops. Longer-term conditions<br />
are impacting the value of land based on the future<br />
water outlook, and this impacts both the net worth of the<br />
owner and the value of securities that might be the source of<br />
lending from the grower’s bank. All of these events and the<br />
resulting financial stress present a myriad of challenges for<br />
growers and processors.<br />
Being Financially Resourceful<br />
Tough decisions have growers researching how to be<br />
resourceful with their finances. Scaling down the business to<br />
protect capital has been a frequent topic of discussion with<br />
our growers. Our team has advised on fallowing fields and<br />
delaying new plantings, early removal of mature orchards to<br />
prepare for future development, and even reducing operations<br />
in the short term.<br />
Diversification is another topic that is back on the table.<br />
We’ve seen clients use a 1031 tax-deferred exchange to sell<br />
ag land and invest in other commercial real estate ventures.<br />
38 West Coast Nut <strong>Dec</strong>ember 2021
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