"Founded in 1843, Tejon Ranch today is a diversified real estate development and agribusiness company that owns 270,000 acres of land located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield, California. Company revenues are generated primarily by four operating segments. Real Estate activities include commercial leases and utility easements, land entitlement and development, and marketing the property to prospective users. Livestock activities encompass livestock production and feeding and equestrian events. Farming operations focus on almond, pistachio, walnut, and wine grape production, which is sold to wholesalers or wineries. The Oil and Minerals division oversees independent operators who extract oil, aggregates, and limestone for cement from Ranch properties."