98
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$6,461,000
Est. payment /mo
555 Acres Lot
Active
3168 N 1600 E Panguitch, UT 84759
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Additional details
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2128238
HOA Y/N No
Annual Tax Amount $2,550
Lot Size 555.000 Acres
Acres 555.0
Lot Dimensions 0.0x0.0x0.0
Property Description
Located just north of Panguitch in Garfield County, this 555-acre high-elevation farm sits at an elevation well above 6500'. This farm has been rigorously improved and professionally managed since its purchase in 2018. With the ability to put up to 370 acres in production, average yields for the past 7 years have been between 5 and 7 tons per acre on a rotation of alfalfa, triticale, and timothy. This high-quality performance horse grade hay regularly tops $400 a ton with customers across the United States. A strong customer base means new buyers would have a turnkey operation, with regular customers purchasing output before it has been grown. The current owner is willing to turn over the existing customer accounts with the purchase of the farm. The security this provides ensures this farm will be both a sound investment and a legacy opportunity for new owners. For years, the current owner has been pushing the envelope of what is possible for high-elevation hay. The focus has been on steadily increasing the quality feed value metrics while also reducing inputs such as fertilizer and pesticides. Forage output has been routinely tested through Dairy One Forage Testing, with results placing production in the high-quality category for: Dry Matter, Crude Protein, ADF, NDF, TDN, and feed value. Management practices have focused on soil health and microbiology, with reduced fertilizer inputs and limited use of pest control products. Hay handling infrastructure includes Staheli West steamers, covered storage, and dedicated hay barns designed to preserve forage quality during storage and transport. Through cutting-edge processes, including microbiology additives and a soil health focus, this farm runs incredibly efficiently, resulting in higher net margins and more efficient water usage. Speaking of water, the 370 acres in production are fed by 302 shares of the east bench, 111.5 shares of the long canal, and 81 shares of West Panguitch Irrigation. In addition to the water shares, the farm also has 180 ELUS and 1.6 homes of underground water rights, a total of over 15 ACFT of well-fed stock watering to go along with the 1.6 homes. With water being paramount in Utah, this farm has sufficient water resources to continue production even in severe drought years. Power infrastructure has been improved over the years as well by using a Variable Frequency Drive (VFD), providing increased power when needed, resulting in total yearly utility bills of just $16,000 for the entire operation. Construction of the home and heated shop was started shortly after the purchase in 2018. The custom home features numerous upgrades to go with 6 bedrooms, 3 full bathrooms, and 2 half bathrooms, including an outside-accessible farm hand washroom in over 3,400 square feet. Hay storage includes one three-sided barn over 10,000 square feet and three smaller covered hay storage areas near Highway 89, with an additional 10,000 square feet in covered storage. Next to the main home, 3,600 square feet of covered parking adjoin a 2,700 square foot heated shop with two large fuel tanks and a water storage/softener system for hay steamers. No details have been overlooked, and this farm runs effectively and efficiently. The main property is fully fenced and could also provide irrigated grazing pasture for up to 300 cow-calf pairs, with the additional acreage used to store hay for the winter months, creating a fully-functional year-round cow-calf operation without the need to utilize expensive and timely trucking between summer and winter range. While equipment is not included in the price, the seller is willing to negotiate and include the necessary equipment to continue effective production. Buyers are also encouraged to get soil testing completed upon purchase to obtain soil tax credits, where eligible. Strong water rights and sufficient water shares, new equipment, well-maintained and managed operations make this one of the premier hay farms in the mountain wes
Location
State UT
County Garfield
Area Panguitch; Antimony; Bryce Can.
Zoning Single-Family, Agricultural
Interior
Fireplace No
Exterior
Exterior Feature Barn, Out Buildings, Corral(s)
Utilities Available Natural Gas Available, Electricity Connected, Sewer: Septic Tank
View Y/N Yes
View Mountain(s), Valley
Topography View: Mountain, View: Valley
Private Pool No
Building
Lot Description Additional Land Available, Fenced: Full, Terrain: Grad Slope, View: Mountain, View: Valley, Terrain: Flat
Sewer Septic Tank
New Construction No
Others
Senior Community No
Tax ID 14-0064-0819
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.zillow.com/homedetails/3168-N-1600-E-Panguitch-UT-84759/125923498_zpid/?view=public&imxlb=t,0
Listed by Whitetail Properties Real Estate LLC
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