Settimio Spacchetti established the farm in 1935 and today it is run by his sons Lamberto and Eliseo. It covers 25 hectares, 11 hectares of Sagrantino and other grapes and 9 hectares of olive groves. The farm lies 400 metres above sea level. In Colle Ciocco's cellar, the grapes become wine: dry and sweet versions of "Sagrantino", "Montefalco Red", the white "Clarignano" and "Tempestivo".
The olive groves contain the varieties Moraiolo (80%), of which many trees are more than 100 years old, Frontoio (15%) and Leccino (5%), a total of 3000 plants. The olive harvest begins in the second half of October. The hand-picked olives are placed in special well-aerated cases and are cold pressed withing 24 hours of picking. Three types of oil extra-vergin olive oil are produced: Fiore "flowery", Fruttato "fruity" and Gentile "gentle", all under the "Olio di Montefalco" brand name.