SOLD: Greens' Feedlot | Fay Ranches

G R E ENS ’ FEEDLOT Madras, Oregon $1,800,000 | 138± Acres

Greens’ Feedlot | Madras, Oregon

INTRODUCTION Greens’ Feedlot is an exceptional example of agricultural real estate in its highest and best use. This 6,000 head CAFO permit feedlot has 75± acres of irrigated deeded farm ground, is adjacent to the area’s livestock sale yard, has natural rolling topography to allow excellent drainage, and is located in Jefferson county with some of the most favorable weather in Central Oregon. All of these aspects lend to cattle health that drives the demand for such a facility. The agriculture production of Jefferson County and Madras gives the producer an opportunity to obtain commodities at the best rates for the area. The proximity to the cow-calf producers of the High Desert, Columbia Basin, Cascade Mountains, and the Willamette Valley helps ensure a steady supply of cattle throughout the year. The Greens’ Feedlot boasts the first rule of Real Estate: LOCATION. It has top-notch improvements to help run the operation with ease. Custom pipe corrals, cement-backed feed bunks, an indoor cattle processing facility with an office attached, a well-maintained machine shop, 59,000± sq. ft. indoor arena with indoor commodity storage trailer washout station exists on the property to help the performance of the business. You will not only find lush irrigated acreage but well-drained custom pipe feed pens for cattle among the vast acreage. Arrive at the exceptional 2,600± sq. ft. residence by driving up to a high point of the property to overlook a majority of the acreage. The residence is complimented with amazing views of the Cascades from Mount Bachelor to Mount Hood.

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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LOCATION Madras, Jefferson County, Oregon. Madras, located East of the Cascade Range, is a quiet agricultural town with a population of just under 7,000. The beautiful landscape transitions from the amazing Ponderosa Pines to the Great Basin high desert plateau with junipers and sagebrush.

GETTING THERE Greens’ Feedlot is located right off of Highway 97, which gives easy access to and from larger cities throughout Oregon.

• 26.3 miles N of Redmond, Oregon ------43.3 miles N of Bend, Oregon • 120.2 miles SE of Portland, Oregon -----153.6 miles SE of Salem, Oregon • 149.6 miles NE of Eugene, Oregon. ----- 349.8 NW of Boise, Idaho 2

Greens’ Feedlot | Madras, Oregon

AIRPORT INFORMATION R oberts F ield A irport - R edmond , O regon (RDM) RDM is the fourth largest commercial airport in Oregon, serving all of Central Oregon. Only 20 minutes away from the energy and excitement of downtown Bend. Flights are provided by Alaska, United, Delta, and American Airlines. These carriers offer arriving and departing flights daily to and from Denver, Los Angele, Portland, Salt Lake City, San Francisco, Phoenix, and Seattle.

P ortland I nternationalport – P ortland , O regon (PDX) PDX is 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.

M adras M unicipal A irport - M adras , O regon (S33) Madras airport is considered a “heavy’’ airport, capable of handling any class of aircraft. The Madras Airport, a former World War II training base for B-17 pilots, is the site for the Cascades’Cascades’ annual Airshow, 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)

ACREAGE 138.85± Deeded Acres.

76.4± Acres of North Unit Irrigation District water rights.

T ax L ots • 1113270001000 (9.6 acres) • 1113270000700 (1.98 acres) • 1113260000500 (127.27 acres)

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Greens’ Feedlot | Madras, Oregon

CLIMATE Average climate in Madras, Oregon: The Madras area is prime climate conditions for optimal living and agriculture.

Data provided by: http://www.city-data.com/city/Madras-Oregon.html

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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WATER SOURCES | WATER RIGHTS It consists of 76.4± acres of North Unit Irrigation District water rights(65.1 acres from Deschutes River, 11.3 from Crooked River). The assessment fee for 2020 was $6056.64. 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 or from lakes or streams. Landowners with water flowing past, thru, or under their property do not automatically have the right to use that water without the Department’s permit. The State of Oregon administers Oregon’s waters under a “prior-appropriation” doctrine; first in time, first in the right.

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Greens’ Feedlot | Madras, Oregon

IMPROVEMENTS Greens’ Feedlot boast custom pipe corrals, cement backed feed bunks, an indoor cattle processing facility with an office attached, a well-maintained machine shop, 59,000± sq. ft. indoor arena with indoor commodity storage as well as a trailer washout station exists on the property to help the performance of the business. Among the vast acreage, you will not only find lush irrigated acreage but a dry lot for cattle as well. Arrive at the exceptional 2600± sq. ft. residence by driving up to a high point of the property to overlook a majority of the acreage. The residence is complimented with amazing views of the Cascades from Mount Bachelor to Mount Hood. www.fayranches.com | (800) 238.8616 | info@fayranches.com

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AGRICULTURE The Greens’ Feedlot has been run as mostly a “backgrounding” facility in recent years. Cattle buyers from around the West will purchase cattle from the neighboring livestock auction and have the Green Feedlot process them with proper vaccination and acclimate them to feedlot feed rations and protocols.

After 60 days, cattle are often transported to other feed yards in the region to be “finished” (this is a term for the last 60-90 days of steers feeding before being processed). The Greens’ feedlot has also developed bulls and dairy heifers, fed grass calves while waiting for futures contracts to mature, and even served as a layover for rodeo bucking bulls. A Buyer of this property will have many options to capture financial returns. The large indoor arena serves a multitude of uses, from riding arena, commodities storage, equipment storage, and has been used as a venue for a bull sale. Last year the building was leased for hemp hanging, providing some passive income for the Sellers. The irrigated farmland allows for hay production in summer, grazing in fall and winter, and an outlet for the nutrients the feedlot provides, creating an efficient cycle to the property’s productivity.

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Greens’ Feedlot | Madras, Oregon

Mt. Hood - Flickr

Lake Billy Chinook- Flickr

RECREATION Madras is so centrally located in Oregon you are never far away from some fun. Like to ski? Timberline Lodge at Mount Hood is less than 70 miles away, and Mount Bachelor is an equal distance to the South.

Is fishing more your thing? Lake Billy Chinook is 12 miles, and the Crooked River Gorge scenery makes this lake is spectacular. Head North to Oregon dry land, wheat country, and enjoy pheasant and chukar hunting, or East towards the Crooked River Grasslands for deer and Elk hunting, camping, or just a quiet ride.

Ochoco National Forest- Flickr

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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MINERAL RIGHTS All mineral rights appurtenant to the Seller’s property and owned 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 and 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 habitat, and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our company began in 1992, the landscape on which we work has been significantly enhanced by our clients’ conservation ethic and land-use practices. There are no Conservation Easements on Greens’ Feedlot.

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Greens’ Feedlot | Madras, Oregon

INCOME | RETURN OPPORTUNITY The Greens’ Feedlot has been run as a custom feedlot (feeding cattle for clients) for backgrounding.

Backgrounding is a term used in the cattle industry to refer to the introduction of “grass cattle” (cattle coming off of pasture) and transitioning them to a feedlot environment and diet. The Greens’ feedlot has also been used for dairy heifer and bull development and finishing cattle. This “cost-plus” business model has been a success for the Greens’ Feedlot, but the property by no means is tied down to this business plan. Upon an accepted offer, the Sellers will be willing to share financials at Buyer’s request, as well as a client and vendor list. www.fayranches.com | (800) 238.8616 | info@fayranches.com

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QUICK FACTS • • • • • • • • • • •

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Adjacent to Central Oregon Livestock Auction 6,000 head CAFO Permit 137± Acres with 74± acres of irrigation water rights/irrigation equipment 2,699± SF Upscale Manufactured Home 2,680± SF Processing Building with a 20,000-pound livestock scale on the exterior 4,800± SF Shop 2 large riding arenas (one covered) Custom Pipe Fencing making up 47 feedlot pens ranging in sizes from 45’x60’ to 200’x175’ and 5,700 linear feet of bunk space Trailer washout station Seller will provide a list of clients and vendors with purchase

Greens’ Feedlot | Madras, Oregon

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Greens’ Feedlot | Madras, Oregon

SUMMARY Greens’ Feedlot is real estate that doesn’t hit the market often. It is a prime opportunity to tap into the cattle/agricultural world with a successful pre-existing facility. The price includes real estate and fixtures only. The buyer of the real estate will have the opportunity to purchase some equipment after closing.

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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PRICE $1,800,000

TERMS Cash, New Loan

CONTACT Please contact Alex Robertston 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.

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.

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Greens’ Feedlot | Madras, Oregon

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Greens’ Feedlot | Madras, Oregon

NOTES

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Greens’ Feedlot | Madras, Oregon

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Greens’ Feedlot | Madras, Oregon

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ALEX ROBERTSON broker

Licensed in: OR c. 541-420-2394 arobertson@fayranches.com

SCOTT HAWES FAY RANCHES INC. (800) 238.8616 info@fayranches.com www.fayranches.com

principal broker

Licensed in: OR, ID c. 541-419-0770 shawes@fayranches.com