Carbondale Farms – $35,000,000 – Peoples Company
Sponsored by Peoples Company
Property Type: Farmland
Price: $35,000,000
Location: Oregon
Acreage: 3,118 Acres
Carbondale Farms is comprised of 3,118 contiguous acres located in Umatilla County, Oregon directly adjacent to the Washington-Oregon state line, located 15 miles southwest of Walla Walla, Washington. The Farm is an integrated organic operation encompassing over 3,080.36 FSA cropland acres, a small vineyard, and a CAFO feedlot permitted for 8,000 head. Integrated crop and animal operations create a unique structure for the farm to produce multiple crops from each acre annually while building fertility and soil health required for successful organic production.
There are extensive water rights on the property including ground water rights and surface water from the Hudson Bay District Improvement Company. The current water rights provide for 2,545 acres of primary irrigation combined with 4,675 acres of supplemental irrigation. Nearly the entire irrigation infrastructure has been rebuilt, refurbished, or replaced over the past four years including the installation of 25 new pivots across the Farm. This substantial capital investment delivers reliable water across the Farm.
The elevation of the Farm ranges from a low of 520 feet on the floor of the local valleys to a high of just over 950 feet in the foothills to the south. Carbondale is located in the Walla Walla River Valley agricultural region, an extension of the Columbia River Basin to the eastern part of Washington and Oregon. Development of irrigation through the Valley has transformed pasture and sagebrush prairie into productive farmland where you can successfully grow potatoes, onions, a variety of vegetables for processing, watermelon, tree fruit, alfalfa, and other high value crops. The Farm presents many opportunities to maximize capital return including expanding the vineyard over the southwest portion of the property, developing the feedlot to fully leverage the permitted head, and producing high value row crops.
Property Features
- Large contiguous, organic farm with senior water rights, 8,000 head CAFO permit, and 6-acre established vineyard.
- Highly productive agricultural region in the Pacific Northwest with ample water supporting diverse, high-value cropping systems.
- Recently upgraded irrigation system throughout the entire farm.
- Competitive cash lease with revenue flex in force with skilled local operator.
- Long history of value-added crop marketing relationships.
- Numerous opportunities to derive additional value including vineyard expansion, cattle feedlot, and lifestyle development.