Burlington, CO 80807 - Kit Carson County

PRICED REDUCED!

Peoples Company and The Land Office LLC are pleased to offer a high quality irrigated farm located in Kit Carson County, Colorado just a 13

miles southeast of Burlington along County Road 58. The farm consists of 363.20 surveyed acres with 357.15 FSA cropland acres carrying

an NCCPI of 47.5. Primary soil types include Kuma-Keith silt loam. Approximately 303.83 acres are under center pivot with 371 Authorized

Irrigated Acres and 927 Acre Feet of water allocated via water right permit 8915-FP with a priority date of June 30, 1958. The irrigation

well has been rated at 471 GPM. Two center pivots are included with the farm including an 8 tower 1980 Zimmatic 307 and a 12 tower 1980

Hygromatic HIGRO both being powered by a Minneapolis Moline.

This property is located within the Colorado Power Pathway, a proposed 560- mile, 345 kV transmission circuit that

is currently under review by the Colorado Public Utilities Commission. Colorados largest utility, Xcel, has a current

Energy Resource Plan with a preferred portfolio of 2,300 MW of new wind, 1,600 MW of new large-scale solar, 400

MW of new battery storage, 1,300 MW of new flexible dispatchable generation and 1,158 MW of community solar. A

wind lease is in place with NextEra Energy Resources, LLC and may provide potential for additional future income.

The property is also located within Qualified Opportunity Zone Number: 08063962100. Investments in properties in

Opportunity Zones are intended to encourage economic development by providing preferential tax treatment. In

additional to deferral of capital gains, expenditures on improvements including irrigation, drainage, storage, some

forms of depreciation, and other activities that result in additional property value through time may qualify for a

basis step-up at sale and excluded from future capital gains taxation if held to the maturity of the OZ period.

Estimated Taxes: $5,206.15

Legal E2 Section 21, Township 10 South, Range 42 West of the 6th P.M., except the north 210 acres.

N2 Section 28, Township 10 South, Range 42 West of the 6th P.M., except the west 160 acres.