200 Acres in Kinnear, WY - $1,225,000
Johnstown Farm
The Johnstown Farm is a great livestock wintering property, which provides the feed base to winter and calve cows. The farm in Central Wyoming is located 23 miles west of Riverton, Wyoming just off Highway 20/26. The area is well known as a feed production area in Wyoming due to plentiful water supplies, productive lands, and mild, open winters. Situated on 200 +/- acres, the operation involves growing 1000 tons of alfalfa hay complete with two homes with outbuildings. The operation is currently being managed as an investment property, leasing out the farm ground currently on a one-year lease as well as the leasing of both homes. The land is well fenced and capable of handling livestock.
ACREAGE & WATER
The acreage breakdown is as follows:
Irrigated 180 acres
Dry range 20.02 acres
Total Deeded 200.02 acres
The irrigated lands are primarily pivot irrigated with 2 Reinke windshield p...
The irrigated lands are primarily pivot irrigated with 2 Reinke windshield pivots (2016 and 2020). The alfalfa stands are newer top-quality plantings. The irrigated lands are serviced with Tribal Water Rights. The annual cost of the water is $25 per irrigated acre or $4,500/year. Annual real estate taxes are $6,780 per year.
OPERATIONS
The farm is currently leased for the 2024 season as well as both homes. The new owner could continue operation as an investment property with many capable tenants in the area or take the farm back to cash commodity production. Central Wyoming is well known for great commodity markets as well as a great livestock area with a sale barn in nearby Riverton.
IMPROVEMENTS
The farm is adequately improved to handle labor, machinery, and livestock with 2 homes and 2 shops.
Modular #1 2,044 sq ft
Modular #2 1,404 sq ft
Shop #1 - 1488 sq ft shop with concrete floor
Shop #2 1,200 sq ft metal shop with concrete floor
SUMMARY
The Johnstown Farm offers a solid investment for any producer. The farm could be operated strictly for cash commodity production or continue the current owners vision as an outstanding rental property securing $50,000 in annual returns.
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