332 Acres in Allen, OK - $1,250,000

This part of Oklahoma has deep, sandy soils, long growing seasons and warm summers that are perfect for growing thick, lush stands of bermuda grass. Pivot Farm has all these ideal natural features for growing hay plus the added advantage of sitting atop a shallow, highly productive aquifer. The water table is typically around 40 feet deep and extends down through coarse sand and gravel deposits to a shale layer at about 70 feet below ground surface. Due to the highly porous nature of the subsurface, wells in this area routinely produce 400 to 500 gallons per minute. Pivot ranch has two of them that were drilled in 1996 that supply a 120-acre pivot set at 800 gpm. The seller's have 240 acre-ft of annual water rights that date back to 1997 and these rights will transfer with the surface. In addition, the property is almost 100 percent open with a very few trees scattered in the northeast and southeast corners as well as a few around the home. The irrigated hay ground needs to be regraded in at least two areas to address drainages that are eroding due to heavy rains the past few years. Other than that, the next owner will need to determine if they want to hay the grasses currently present or to aggressively establish a higher grade of forage to service the premium hay market. Weed spray, fertilization and irrigation would make this a truly productive hay operation capable of consistently turning out top forage yields. Although the north half of the property is not irrigated, this area could be simply cut for hay as it is now, or an additional pivot could be installed to bring both quarter sections into a higher level of production. Our hope is to someday see 18 wheelers driving onto the property from the paved frontage road to load up with top quality horse hay before heading out to market along Highway 75.

A nice three bedroom, three bathroom country home is located on the west edge of the property. At 2032 square feet, this home is large enough for most families. This is an older home that has been remodeled, added on to and updated over the years. Typical of country homes it has a large porch and is surrounded by shade trees. The kitchen, dining room and living room are an open design and the bedrooms attach to this core area on two sides, with the master bedroom being isolated on the back of the house.

In years past, the description of the property would end at this point, but there are new opportunities for rural properties that are now part of the discussion. A large transmission line crosses the property, and an electric company substation is located on a neighboring property at the northwest corner of the farm. When you combine that with a generally south facing slope and open land you get the ideal recipe for a solar farm. We have been getting an increasing number of calls from solar companies looking for candidate sites. Our discussions with these companies lead us to believe that this property would be a good candidate when solar developers look to this part of Oklahoma.

If you are looking for a property with great water resources, productive soils and setting ideal for hay production along with a nice home and the potential for generational wealth from a future solar farm, please call Chrissy Banks at 765 220 2489.