Hudye Farms US Inc., a 2010 Top Producer of the Year finalist, has announced the sale offering of a large collection of farmland available in the eastern Colorado and western Kansas region, according to a news release from Savant Equity Group.
Hudye Farms U.S. Inc. owns 17,687 acres of high-quality farmland largely situated around Burlington, Colo., in Kit Carson and Cheyenne counties. Other tracts are located just across the Colorado-Kansas state line in Sherman and Wallace counties near Goodland, Kan. and Logan County, Kan., near Winona. Of the total acres, approximately 1,840 acres are irrigated with water rights and wells.
"Demand for farmland, a commodity producing hard asset with an income stream, continues to grow," says Jordan Wirsz, CEO of Savant Equity Group and vice president of Hudye Farms U.S. Inc. "Institutions, pensions, and hedge funds are paying more and more attention to what is arguably the most valuable commodity in the world. Most CIOs look at farmland as an inflation hedge with a dividend."
This sale offers an opportunity to obtain a large block of producing farmland in one single transaction along with a viable low maintenance business model which is already in place, says Wirsz. "The process of assembling farmland and optimizing its use has already been done—the buyer will be able to immediately step into an operating, profitable and very sizable farmland investment."
Hudye Farms U.S. Inc. currently has four tenants farming the land for them, with crop/share agreements that generate sizable returns to the company, according to Wirsz. "Although a buyer could terminate those leases upon closing and farm the land themselves, the current lease structure likely makes this asset even more attractive to potential buyers—given the extremely small amount of management needed to continue profitable operations."
The sale is being conducted through a "call to offers" process designed to establish the timeline of the anticipated transaction. All bidders must register by contacting Jordan Wirsz by phone at (702) 518-5056 or through his firm’s website at SavantEquity.com.
Read more about the Hudyes: Canadian Bounty