- Strong Water Rights
This iconic operation was in the same hands for over 70 years. It has been sold to a local family to expand their already successful farming operation.
The Don Rigby Farm encompasses about 2,100 acres of irrigated land +1,535 acres of active dry farm + 1,355 acres of dry farm in CRP.
The County FSA Average Acreage Yields are 90 bushels on irrigated wheat, 40 bushels on dry farm wheat, 100 bushels on irrigated barley and 4 tons for irrigated alfalfa.
The Farm also carries 100 head of Red and Black Angus brood cows, 20 replacement heifers and 8 bulls. An active cinder and gravel pit operation has generated annual income of about $25,000 for the past three years.
Three Conservation Reserve Program contracts generate about $56,500 in annual payments through September 30, 2020.
Significant operational improvements include modern storage for 300,000 bushels of grain with a 1,500 bushel-per-hour elevator leg + 30-ton Fairbanks-Morse electronic truck scale + two hay sheds covering 22,750 square feet + large 7,000 square-foot shop + 7,250 square-foot machinery shed. This complex is located on the Union Pacific Rail Road and also enjoys excellent access to the US Highway 30.
A nice brick owners home containing about 3,160 square feet built in 1989 plus a second 1,580 square-foot home round out the domestic improvements.
The Don Rigby Farm is headquartered at Bancroft, Idaho – a small agricultural and livestock-oriented town of about 450 people with great community spirit and a good school district. The Farm is located 16 miles west of Soda Springs and is about 48 miles southwest of Pocatello. Logan, Utah is 80 miles south and the drive to Salt Lake City is about 160 miles.
In addition to the real estate, an inventory of machinery and equipment is offered at $1,100,000 and the cattle herd is available at $150,000.
Here is a hard-to-find, ready-to-go and productive farm which possesses good operational scale and provides an opportunity to enter or expand into the burgeoning global market for grain and alfalfa.