34510 County Rd KK, Cheraw, CO 81030 - Otero County

IMPROVEMENTS - NEW REINKE 7-TOWER SPRINKLER

Tract #2 Under Contract

The Jerry Bay Farm presents a unique investment opportunity in agricultural real estate, encompassing farm properties that boast both crop production and grazing potential. The inclusion of the 160-acre State Grazing Lease adds a layer of diversification to this agricultural investment, making it a well-rounded and resilient option for potential investors. The farm, located in the legal jurisdiction of Township 22 South, Range 54 West of the 6th PM, is comprised of two separate parcels. Each parcel offers specific features and advantages.

Tract #1 - $875,000

Tract #1 spans Section 27 (NE), excluding approximately 5.24 acres for a designated home site in the NW corner, and Section 22, with 6.1 acres situated in the SE. Meanwhile,

Tract #2 Under Contract

Tract #2 covers Section 33 (NE), excluding 11.97 acres in the NE corner and about 3.5 acres allocated to the Holbrook Drainage District. The legal configuration provides a clear delineation of the property boundaries for prospective buyers.

Soils The Jerry Bay Farm is comprised predominately of Class I & Class II soils. The soils quality of the farm gives the opportunity to maximize crop production with approximate management. The predominate soils series include: Nepesta clay loam, Numa clay loam, Korman and Neesopah loams and Rocky Ford silty loam.

Water & Crop Acres Water resources play a crucial role in the agricultural productivity of the Jerry Bay Farm. The property includes 272 shares of the Holbrook Mutual Irrigation Canal, with Tract #1 holding 145 shares and Tract #2 possessing 127 shares, resulting in the total of 272 shares. This significant water allocation enhances the farm's irrigation capabilities. The total crop acres across both tracts amount to 244.8, with Tract #1 covering 119.0 acres and Tract #2 spanning 125.8 acres of prime crop land.

Improvements & Irrigation In a strategic move to enhance agricultural efficiency and ensure optimal crop irrigation, the farm has recently invested in a new 2023 Rienke Model #2065, a state-of-the-art 7-tower sprinkler system. With the addition of the new sprinkler system, it will place approximately 125 acres under center pivot irrigation. The sprinkler is located on Tract # 1, Section 27. The new sprinkler is equipped with Shark Wheel Tires which provides for less soil impact reducing sprinkler track depth, reduces the potential for the sprinkler getting stuck and eliminates flat tires. With the new sprinkler system in place, we are poised to elevate our crop production and improve water management on the farm. The remaining acreage of the farm ground is currently under flood irrigation which is located on tract # 2, Sec 33.

Other improvements include a hay shed that is located on Section 22 which is across the county road from Section 27 where the sprinkler is located. The site also contains an East End Municipal Water Tap. The approximately 6 acres in which the hay shed is located would also provide a nice building site for a residence with the convenience of city water.

Leases: Includes Colorado State Land Board Lease Number 114611 for 160 acres located in the SE Section 33-Township 22S-Range 54W

Crops: The Jerry Bay Farm boasts a history of successfully cultivating various crops, including Alfalfa, Corn, Forage Sorghum, Triticale, Watermelons and Cantaloupes. This diverse range of crops not only underscores the versatility of the land but also indicates its adaptability to different agricultural pursuits. The most recent use of the property has been for hay production, producing both alfalfa and forage sorghum hay. The addition of the new sprinkler system will position the farm to increase more of the acreage into alfalfa production. With the soil, climate and water the farm is well positioned for alfalfa production all the while offering the opportunity of other crops as well.

Hunting: In addition to its agricultural potential, the Jerry Bay Farm offers hunting opportunities, with a population of Mule Deer frequently visiting the property. This additional recreational aspect adds to the overall appeal of the investment, catering to individuals with varied interests in both agriculture and outdoor activities.

Location Directions: For ease of navigation, clear directions are provided for each tract. Tract #1 can be accessed by heading east approximately 4 miles from Cheraw on CR KK, situated on the south side of CR KK and CR 35. Meanwhile, Tract #2 is conveniently located by heading east approximately 2 miles from Cheraw, then turning south for an additional 2 miles, with the property situated on the southeast corner.

Conclusion In summary, the Jerry Bay Farm situated in the Arkansas Valley North of La Junta, Colorado stands as a comprehensive and diversified investment opportunity, combining agricultural productivity, water resources, and recreational appeal. The area with a strong and robust cattle feeding economy offers a consistent market demand for alfalfa, other hays, silage and corn production. The dual tracts, legal clarity, and historical crop success contribute to its attractiveness as a robust investment in the vibrant landscape of agricultural real estate.