Courtesy of KELLER WILLIAMS REALTY -ALBANY, PAUL TERJESON, Cell: 541-740-7752 

Active

59608 Old Lake Rd

Christmas Valle OR, 97641

$10,950,000


$0.17 per sqft

Active

1,437.91 Acres

Land

1,400-acre alfalfa farm with nearly 1,100 acres under pivot irrigation. Golden Rule Farm features nine updated pivots, excellent water rights & productive sandy loam soils. A pressurized aquifer maintains the static water level at 20-40 ft, minimizing operational costs. This farm is renowned for producing premium alfalfa with high TDN's. Included are a shop, small house & four quality built hay storage structures with a capacity of approximately 8,000 tons, conveniently located near the pivots. The Golden Rule Farm is the perfect place to grow alfalfa and high quality forage.The water rights are excellent and the water source is very secure. The aquifer in Christmas Valley and Fort Rock, a basin-filled aquifer, was put under a moratorium in the 1970s. The moratorium has served the purpose of maintaining the aquifer levels for long-term sustainability. Water rights are bought and sold by the farmers in the region and the water rights gravitate toward their highest and best farming locations in the Valley. No new water rights have been permitted since the moratorium. Generally speaking, the value for water rights alone is roughly $3,500-$4,000 per acre in 2024. This aquifer is one of the most resilient in Oregon compared to Klamath Falls, Harney County, and most other aquifers in Eastern and Central Oregon.Farmers in this area spend very little on KW/ton compared to most other areas in Oregon, Idaho and California. Generally speaking, a farmer in this basin should expect to pay $7 to $10 per ton of alfalfa for their power. Soil, climate, and consistent quality water combine across a small region of Fort Rock & Christmas Valley, Oregon, to create near-ideal growing conditions for high-quality alfalfa and other marketable forages. The high-elevation climate, paired with its cooler nights, tends to slow the growth of alfalfa in the region, giving it a higher leaf-to-stem ratio. This produces lower lignin and higher protein hay, which is what the premium markets are looking for. The Golden Rule Farm has a higher loam content than its neighbors which can allow for a broader spectrum of crops. The loamy soils have better water retention which adds additional insurance on crop yields, quality and consistency.

819167

MLS ID

July 12, 2024

Listed

November 22, 2024

Updated

Map

59608 Old Lake Rd
Christmas Valle OR, 97641

Exterior/Building Features

Lot Size

1,437.91 Acres


Lot Features

Irregular, Barn, Separate Shop, Agricultural/Farm


Sewer

No, Yes, Standard

Other Property Details

Area Name

OS OUTSIDE 4 COUNTY AREA


Garage

No


View

Yes


View Description

Territorial


County

Lake


Pool

No

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Neither listing broker(s) nor Debbie Brand, WVMLS Member shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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