We develop and farm nut orchards, primarily in the Central Valley of California, and the Hualapai Valley of Arizona. These regions supply 99% of the pistachios grown in the US, and approximately 80% of the almonds grown worldwide. The majority of our product is exported to meet consumer demand across global markets. We believe worldwide nut consumption will increase as middle class segments grow in emerging markets, and as consumers continue the trend towards healthy plant-based proteins.
We generally acquire open ground and transform the land into either pistachio, almond or walnut orchards, depending on the soil, water and geography of the land. In some cases, we purchase existing orchards, or lease ground. We manage the horticultural and financial operations of the orchards to provide a competitive return to our investors. We have been operating in California for more than 25 years and our track record is made possible by our expertise in the following areas: Development, Operations, and Enterprise Management.
To date, we have developed and operate 19 different properties and have amassed considerable experience and expertise to ensure that we can deploy capital and marshal resources to build sustainable farms that provide long-term economic benefits to our investors.
The business of farming is complex. We grow food for a global market and approximately 70% of the product is exported for consumption to distant markets.