Klamath Falls, OR 97601 - Klamath County

PUBLISHED RESERVE PRICE: $2,750,000/$1972 PER ACRE*

The 1,394 acre Whiteline Farm is located at the northwest corner of Swan Lake Valley and has been leased to a local rancher. The 2011 annual lease payment is $122,930, with $130 per irrigated acre and $8,400 for rental of homes and barns. The lease expires on December 31, 2011 and will be pro-rated at time of closing. There are 881 acres of highly productive irrigated farmland, with six center pivots and three wells which provide 1,800 to 2,800 gpm, in addition to surface water rights from Whiteline Reservoir. The ground water irrigation permits are 612865, 611432 and 613725, with Surface Water R-801 Permit #16023.

Whiteline Farm has frontage along Swan Lake Road, with a main home with 4 bedrooms and 2 bathrooms plus a smaller 2 bedroom and one bathroom home, one shed and four hay barns. There are also 463 acres of timberland, with an estimated 736 MBF.

*The sale of Auction Properties #100, 200, 300, 400, 500, 600, 700 and 800 is subject to combined total accepted bids on all parcels in the aggregate to equal, or exceed, Portfolio Reserve Price of $24,825,000.