Shumaker Hazelnut Orchard
Target Net IRR
Net Cash Yield
Net Equity Multiple
- 9 years
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The farms are located in the heart of hazelnut country in Oregon near the city of Crabtree and Albany. The soils are excellent for hazelnut production and proximate to other FarmTogether hazelnut farms. The properties include two rental homes and one life estate; there is also a large shop for equipment storage. There are 199 net acres, including 75 mature acres that are planted to Clark, Lewis, Sacajawea and Yamhill hazelnut varieties. The 75 acres are 9 years old and planted to double density (216 trees per acre). The trees are in good condition and will be enhanced with drip irrigation and the use of fertigation. At around age 10-12, every other tree is removed as the trees start to shade each other out.
The remaining 124 acres will comprise varieties with improved genetics. 99 acres were planted to double density McDonald variety in Q4 2020 and Q1 2021, and 25 acres will be planted this fall to McDonald or PollyO variety. These varieties were developed by Oregon State University (OSU) and are tailored to the Oregon climate. Salient traits include both enhanced productivity and disease resistance. Average production of non-irrigated and legacy variety hazelnuts is around 3,000 pounds/acre when mature; the newer OSU varieties have the genetic potential to produce between 4,000 - 8,000 pounds/acre when irrigated.