Great Investment Opportunity!! Gross return of 6.29% from day one of purchase! This farm ground is fallowed and part of the Non-permanent CRP. It will be participating in the CRP for 12 more years. After its participation in the Non-permanent CRP, the farm ground IS farmable again. This ground is a member of the Farmer's Union and has 1 share of the water right. This water right is worth approximately 100 Acre Feet of water in Sub-District 1 (actual surface water credit volume is based on a rolling 5 year average of diversion and as measured by the Department of Natural Resource Division of Water Resources). The value of the yearly cash payback as a member of the Non-permanent CRP plus the value of the surface water credit yields roughly $50k return per year. After the 12 year period of CRP the farm may be operational again with full use of the Irrigation system. The ground is offered for sale with a Lockwood pivot sprinkler. Well permit numbers are 51170-, 24732-F, 17438-F.
Listing By Colorado Realty & Land Co. – 2276829
Data Last Updated 2 months ago
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