It will depend on the diameter of hose you chose to use to determine the friction loss that will occur over that long of a run.
1/4" will cause roughly 2800 psi loss @ 4 gpm @ 700'
5/16" will cause roughly 1540 psi loss @ 4 gpm @ 700'
3/8" will cause roughly 630 psi loss @ 4 gpm @ 700'
Long runs can be made ID of hose, length, and flow are all factors.