SOLD: Dry Canyon Farm | Fay Ranches

DRY CANYON FARM

Madras, Jefferson County, Oregon

$1,600,000 | 805.92± Acres

INTRODUCTION

Sitting above the quiet farming town of Madras, Oregon, is Dry Canyon Farm, a spectacular opportunity for real estate investors to invest in farm ground and still have a picturesque setting. At the foot of the Cascades, this canvas that has yet to be painted but still offers the following:

• 805.92± deeded acres

• 232.9± acres of North Unit Irrigation

• Two half pivots

• Epic Cascade Mountain views

• Quiet country setting

• Borders Dry Canyon and Federal Lands

• Both level and rolling topography

• Improved dryland farm ground

• 90 mins to skiing at Mt. Hood or 60 mins to fine dining and microbrews in Bend, Oregon

The Dry Canyon Farm has endless possibilities for an investor to pursue. The area is known for great climate and soil for seed crops, forage, and grain farming, or use the property as home base for a cattle operation. Raise your hay on the Dry Canyon Farm while cattle are turned out to summer pasture, then bring them back to this great property for the mild Jefferson County winters. The Dry Canyon Farm may qualify for a dwelling permit, provided a buyer meet the county-required farm income test. There are many nice building sites that may appeal to the buyer, subject to Jefferson County approval.

LOCATION

Dry Canyon Farm is in Jefferson County on the north side of Central Oregon’s geographical area. The county seed of Jefferson County is Madras, with a population of around 7000±. Jefferson County is named after Mount Jefferson, the second-highest mountain in Oregon, of which views are prevalent throughout the county. The county is renowned for its seed farming due to its proximity to the median line (between equator and pole) and favorable climate. The beautiful landscape of the county transitions from the amazing Ponderosa Pines to the Great Basin high desert plateau with junipers and sagebrush.

GETTING THERE

From Portland, OR: 2.5 hours±

Take Highway 26 for 129± miles until Highway 97 at Madras.

From Bend, OR: 45 minutes±

Head north on Highway 97 for 52± miles until Madras.

From Madras: Please call the listing agent Alex Robertson (541-420-2394) for the property’s directions.

Madras, Oregon

AIRPORT SERVICES

Closest Major Airport: Bend-Redmond (RDM)

Just 30± minutes away, The Roberts Field Airport in Redmond, Oregon (RDM) is the fourth largest commercial airport in Oregon. And it’s only 20± minutes away from the energy and excitement of downtown Bend. Direct flights are available to and from: Denver, Los Angeles, Portland, Salt Lake City, San Francisco, Las Vegas, Phoenix, and Seattle. Served by: Alaska, United, Delta, & American Airlines.

Closest International Airport: Portland International (PDX)

Portland International Airport is only 2.5± hours driving from the Crooked River Rim Farm. Served by: Air Canada, Alaska, American Airlines, Boutique Air, Condor, Delta, Frontier, Hawaiian Airlines, Icelandair, JetBlue, PenAir, Southwest, Spirit, Sun Country Airlines, Unites, Virgin America, Volaris, and WestJet.

Local Airport: Madras

The Madras Airport is considered a “heavy” airport, capable of handling any class of aircraft. Formerly a World War II training base for B-17 pilots, it is now the site for the annual Airshow of the Cascades, the Erickson Aircraft Collection, and Erickson Aero Tanker that provides support for wildland fire suppression. (https://www.ci.madras.or.us/community/page/welcome-madras)

Robert’s Field Airport (RDM)

AREA HISTORY

Central Oregon has a rich history, starting as the home of Northern Paiute and Southern Sahaptin Tribes before European settlement. Fur trappers were the first Europeans to explore the region, and by the 1870s, settlements had developed; Jefferson County was created in 1914 from part of neighboring Crook County to the East. The agricultural prosperity to the area was due to the railroad development in 1911 and later 1930s irrigation projects that led to the creation of the North Unit Irrigation District. Through much of the 20th century, the area was known for its lumber industry due to its proximity to the Cascade Mountain forests.

Jefferson County has kept its agricultural roots, but in recent years, the county’s small towns have become bedroom communities of the larger cities in the area. These “bedroom communities” provide homes for remote workers who want to improve their lifestyle with small-town living and recreation.

1870s railroad workers

CLIMATE

Madras has a pleasant climate that is relatively mild for Central Oregon. Sunny for much of the year, Madras receives 12± inches of precipitation a year, not including snow (roughly 15”). At its hottest, Madras is still pleasant in the summer due to its lack of humidity. A typical growing season in Madras is 133± days, making it one of the longest in Central Oregon. Winters are mild and very manageable, with rare significant snow events.

Data courtesy of http://www.city-data.com/city/Madras-Oregon.html

ACREAGE

The Dry Canyon Farm consists of 805.92± deeded acres with 232.9± acres of water rights. The remaining consists of 250± acres of improved dry farm ground and 320± rangeland.

The deeded acreage consists of 6 tax lots of the following sizes: (Account No./(APN)): 38.33± acres 2691 (11307-00-00100); 78.17± acres 1266 (111307-00-00101); 238.78± acres 1272 (111308-00-00300); 80.00± acres 2780 (111308-00-00200); 80.00± acres 2756 (111305-00-00600); .47± acres 1271 (11130800-00101).

The deeded acreage is zoned A-1 EFU, designating it as productive farm ground.

SCENIC VISTAS

Dry Canyon Farm sits at the foot of the Cascade Range, with Mount Jefferson being the closest peak and most impactful view. Other mountain peaks visible are Mount Hood and the Three Sisters. The eastern edge of the property also sits above the local Dry Canyon. From the Canyon rim to the floor is a difference of elevation of roughly 300 feet. The town of Madras can be seen from the highest point of the farm.

IMPROVEMENTS

The Dry Canyon Farm has irrigation improvements to properly service the irrigation water rights that run with the property. The two half pivots(one ten-tower and one six-tower) cover most of the irrigated ground, with hand lines covering the remaining irrigated ground, and a1/4 mile wheel is also included. A cistern is located on the property, with a shed protecting it from elements. A large pond for irrigation and stock water is at the east end of the property if needed. Also, there is an irrigation pump house and two pumps: one 100-horsepower Cornell Pump model 4YB-100-3-2 serial number CW10048 and a 60-horsepower Marathon model 5A364TTDS-4050BNW serial number MC197070-1122-04) at the northeast corner of the pond.

Dry Canyon Farm can qualify for a farm dwelling with Jefferson County with a required income test. For such tests, a new owner will have to own and farm the parcel for a minimum of two years to prove the income via their Schedule F for this parcel. Buyers are encouraged to confirm/verify all dwelling options with Jefferson County Planning Department.

RECREATION

Jefferson County is rich in recreation and attractions. The naturalist will enjoy the rivers, lakes, buttes, mountains, and wild areas of the county. You can rent a houseboat from Cove Palisades on Lake Billy Chinook, view Native American artifacts at the Warm Springs Museum, or hike to Steelhead Falls. These are just the tip of the iceberg of the recreational opportunities in Jefferson County

Steelhead Falls

H unting & W ildlife

Dry Canyon Farm is eligible for four Land Owner Preference (LOP) tags (buyer to verify with Oregon Department of Fish & Wildlife (ODFW)). The farm is routinely visited by mule deer as they enjoy the alfalfa fields. The property is in the ODFW Grizzly Hunting Unit 38; known for easy terrain, ease of drawing, decent public access, and not being overly crowded.

Madras is close to many bodies of water with fishing possibilities; Deschutes River, Crooked River, and Metolius River. The Metolius River is stock with about every trout species in the area; bull, brook, rainbow, and browns, with both bait and spinners finding success as well as flies. You will find excellent fly fishing for rainbow and brook trout in the Deschutes River. Crooked River, a tributary of the Deschutes River, is known as a great year-round fishery. Many anglers refer to it as a great classroom with manageable depth and flow. Fishermen can fly fish for Redband Trout and Mountain Whitefish.

Lake Billy Chinook is a reservoir just north of the Crooked River. This great lake is where the Deschutes, Crooked, and Metolius Rivers converge. It is stocked with largemouth bass, rainbow, brown, bull trout, and whitefish. However, the reservoir is known for Kokane salmon and smallmouth bass; both are plentiful and easy to catch.

f is H ing

Lake Billy Chinook

Mule deer photo not taken on property

NEARBY ATTRACTIONS | ACTIVITIES

From Dry Canyon Farm, short drives can take you to many fun and exciting attractions. Head North less than 100 miles to skiing at Mount Hood (Oregon’s tallest mountain) or head South 60± miles to the Mount Bachelor Ski Area. Downtown Bend, known for its shopping, dining, and microbrews, is an easy 45± minute drive. The greater Central Oregon area is also blessed with many high-class resorts, including Sunriver, Eagle Crest, Pronghorn, Black Butte Ranch, and more. Central Oregon’s largest music venue Hayden Homes Amphitheater, previously named Les Schwab Amphitheater, hosts many big-name artists, including Bob Dylan, Dave Mathews Band, and Willie Nelson, just to name a few.

Central Oregon’s event list is extensive and includes:

Oregon Winterfest (February)

The Pole, Peddle, Paddle (May)

Sisters’ Rodeo and Crooked River Round-up (June)

Sisters’ Quilt Show (July)

Culver Crawdad Festival (July)

The Airshow of the Cascades (August)

Deschutes and Jefferson County Fairs (August)

And many more events

Mount Bachelor

INCOME | RETURN OPPORTUNITY

Currently, the Dry Canyon Farm has one pivot in grass and alfalfa (roughly half and half, not mixed). The area crops that do well are alfalfa, hay/forage, bluegrass seed, carrot seed, wheat, garlic, mint, potatoes, and other specialty seed crops. From this array of crops, the buyer can pick and choose the profitable direction they wish to take. The farm ground could be leased, but expectations of returns should be conservative.

WATER SOURCES | WATER RIGHTS

Dry Canyon Farm comes with 232.9± acres of North Unit Irrigation District water rights. The water rights consist of 176.0± acres Deschutes River and 56.9± acres of Crooked River, including State of Oregon Certificate of Water Right No. 44720 for 78.6 acres from Willow Creek. Approximate fees for the NUID will be $18,175.56 for 2022; Buyers are encouraged to verify this with NUID. Under Oregon law, all water is publicly owned. With some exceptions, cities, farmers, factory owners, and other users must obtain a permit or water right from the Water Resources Department to use water from any source, whether underground, lakes, or streams. Landowners with water flowing past, thru, or under their property do not automatically have the right to use that water without a permit from the Department; the State of Oregon administers the waters of Oregon under a “prior-appropriation” doctrine; first in time, first in right.

MINERAL RIGHTS

All mineral rights appurtenant to the property and owned by the Seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.

CONSERVATION | STEWARDSHIP

Each of us at Fay Ranches has a love of the land and a desire to see it remain as productive agricultural ground as well as quality fish and wildlife habitat. Through promoting the use of thoughtful land stewardship, Fay Ranches has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our company began in 1992, our clients’ conservation ethic and land-use practices have significantly enhanced the landscape on which we work.

QUICK FACTS

• 805.92± Deeded acres

• 232.9± acres of North Unit Irrigation District water rights

• Two half pivots (6 and 7 towers)

• Level improved farm ground

• Epic Cascade Mountain Views

• Quiet country setting

• Sits above Dry Canyon and borders federal lands

• Elevated home sites

• Makes a great base for a cattle operation or irrigated/dryland farm

• 90 mins to skiing at Mt. Hood or 60 mins to fine dining and microbrews in Bend, Oregon

SUMMARY

The Dry Canyon Farm is 805.92± acres, a package of irrigated farm ground, dry land farm ground, and rangeland waiting for your plans.. The setting of this farm, underneath the majestic peak of Mount Jefferson, will never tire. The property’s topography will give you a feel of a larger parcel, and yet you will have plenty of level farm ground to be productive. An agricultural producer will have many directions to explore with this property. The recreational/land investor will also see the potential in this size of a property that is close to a growing community, with a pleasant setting and great views; one to farm and enjoy as you and hold it in your real estate investment portfolio!

PRICE

$1,600,000

$4,592.24

Cash, Conventional Financing, 1031 Tax Exchange

Please contact Alex Robertson at (541) 420-2394 | arobertson@fayranches.com or Scott Hawes at (541) 419-0770 | shawes@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com .

TAXES TERMS CONTACT NOTICE

Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.