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Rancho La Frontera - $10,500,000 (Turn Key) UNDER CONTRACT

View Maps: Map 1, Map 2

Location: The property is located approximately 35 miles south of Deming and 10 miles west to the farm headquarters. Deming is 50
miles west of Las Cruces and the Las Cruces International Airport. The farm has State Hwy 9 frontage.

 

• Innovative Drip Tape Irrigation
• Turn Key Sale
• Exceptional Building Improvements
• Good Water
• Good Soils
• Good Equipment

Total Acres:
4,462 +/- Deeded Acres
700+/- State Lease Acres
Luna County, NM

 

The Property: Rancho La Frontera is a 4361.98+/- deeded acre family farm with an additional 700 acres of State of New Mexico leased
land in Luna County, New Mexico.

 
 

Legal Description

Land Use: Rancho La Frontera is a farm irrigated by innovative drip tape and furrow irrigation. The irrigation water for the farm is from
electric irrigation wells. Presently the farm has 2,642.7 acres developed with drip tape irrigation plus 852.4 (700 acres of state lease)
acres with furrow irrigation. Balance of farm has not been developed for farming. The farm has additional water rights to develop an
additional 1,000 acres for irrigation.

 
 
 
  
  
  

Crops: Crops currently produced are Durum wheat, red and green chilies, cotton, grain sorghum, sudan sorghum and onion seed.
Onions, alfalfa and corn are also grown in the immediate area. In prior crop years, onion seed has been a large cash crop.

Improvements:
• 332’ x 100’ metal building attached 110’ x 60’ office & lunch room
• 150’ x 80’ shop plus a 100’ x 40’ lean-to attached
• 60’ x 40’ chemical shed
• 72’ x 40’ shop
• 60’ x 40’ seed processing shed
• Large seed cleaning shed
• Grain storage: 4 bins with 6,450,000 lbs of storage with a dump pit and load-out
• 11’ x 70’ scale
• Large fuel tanks, dry fertilizer ranks with leg, and liquid fertilizer storage tanks.
• Four overhead dry fertilizer tanks hold 4 semi-loads of dry fertilizer.
• Main Residence: 5,200 sq ft home with 4 bedrooms and 4 baths built in 1999
• Second Home: 3,600 sq ft home with 3 bedrooms and 2 baths

Broker Comments: Rancho La Frontera is a very well managed family farm operation with immaculately maintained buildings and
equipment. The PRIDE OF OWNERSHIP on this farm is very evident throughout the property. The owner desires to retire and is offering
the farm as a turn-key operation with all real estate and rolling stock. This farm is a must-see for anyone wanting to invest in an irrigated
farm. There is a well-qualified working foreman in place who has 33 years of experience working on the farm.

Tom Sidwell, Associate Broker & Listing Agent, Cell: 575.403.6903 Home: 575.487.2419

Water, Mineral and Wind Rights:

• All water rights totaling 4,296.3 acres will transfer to Buyer.
• The property does not have any minerals to it; Seller will not retain any mineral rights and the buyer will not receive any mineral
  rights.
• Seller will convey wind rights to the Buyer with Seller retaining one-half of any wind royalty from future commercial wind
  development, if any.
  
 
 
 
 
                

Equipment: Inventory is constantly changing. Buyers are encouraged to perform due diligence. Upon request, prospective Buyers will receive an extensive inventory and appraisal of equipment.

2010 Real Estate Taxes: $20,016.24 ($4.59 per deeded acre)

Offering Price: $10,500,000 (Turn-Key)
(Price increased to $10,500,000 due to installation of new drip tape to 320 acres of furrow irrigaiton and replacement of 80 acre of old drip tape. Drip tape increases crop productivity; and reduces water use. “Seller” says drip tape can be repaid in 4-5 years after installation. Very conservative estimated value of the machinery is $2,100,000. The farm is priced as a “turn-key” operation but price
will vary depending upon closing date, possession date, and fuel & fertilizer inventory.)

Co-listed with Nebraska Land and Cattle Agency, Inc -- Phone: 800-785-2528