1625 W Reservation Rd
Lovelock, NV 89419
Monroe Land & Livestock · Land For Sale · 2,300.00 AC

WATER:
* Google has committed another $400-500 million toward immediate data centers. Such development will call for the acquisition of water, and that water source is most limited by the well-drilling procedure. The necessity calls for the purchase of an enormous quantity of acre-feet of water. The water will come via pipeline from the reservoir on this property as one major source.
*Currently, with 963 deeded acres at the reservoir, times 3 for acre feet as the formula, the Monroe Ranch is entitled to 2,889 acre feet of water.
* That will translate into 325,851 gallons of water per acre-foot. This grants the ranch 941,383,539 gallons of water.
* Current valuation for acre feet of water is between $2,000-$5,000 per acre foot. At the established acre feet of water with the Monroe Ranch, that is an added valuation of between $ 5,778,8000 to $ 16,708,700.
* This is the lower end of the spectrum. Most recently, based on immediate water demand, acre-feet of water were sold in Reno for $50,000 per foot.
INSURANCE COVERAGE:
As a practice, the Monroe Ranch has always purchased a high volume of insurance for drought. It is somewhat expensive but provides 75% coverage to the anticipated and recorded crop production, but the landowner does nothing. The land stays dormant, and they receive this coverage. Not ideal, but still significant income generation during a bad year. With alternative investments, such as the stock market, a bad year is an unprotected loss.
PRODUCTION:
The figures for alfalfa, wheat, and cattle previously noted are about the same, with a drastic increase in the beef prices running upwards of $2500-2700 per head sold.
As discussed, with one of the tenants in place, with Ronnie Burrows being the most aggressive, those figures will be much higher with his combination of crops, rotation schedules, and marketing strategies.
FORECAST:
The combination of economic stability, growth in the Western Nevada agricultural community, and massive commercial expansion by national concerns, such as data centers, will continue to drive rapid growth in valuation.
The crux of your buyer's plan is the protection and growth of his estate for his heirs. The next 5 -10 years will be crucial for development in this area, and are widely publicized and marked for dynamic data centers and related expansion. All of these will be earmarked with the requirement of water usage and acquisition. This is a gold key that further enhances the economic value of this property.
POSSIBLE FINANCING:
* $ 11,750,000 Purchase price
PERSONAL MESSAGE FROM THE OWNER
***The following is a summary included by Robert Monroe to epitomize what the Monroe Ranch holds in store for its subsequent owners.
"The ranch has been there since the 1860's along with the water rights. We have owned it for over 60 years. The Rye Patch reservoir was built in 1930, the same time Hoover Dam was built in Las Vegas. The 36,000-acre Rye Patch Project has been very successful and well-maintained. This property is privately owned by all of the land owners, along with the 3,000 acres of grazing ground in Battle Mountain. It has been a successful farming operation in its history, and has been very successful for our family. It has grown crops since the 1960s, such as sugar beets, Garlic, and onions. Corn, Alfalfa seed and alfalfa hay, wheat, Barley, and Sorghum. The Ranch has run a cattle operation for the entire time that we have owned the property, being most successful. The Ranch has unlimited potential for ranching and farming in the future, plus the value of the water rights in western Nevada. The way that it is growing, these rights will be very valuable in the not too far future. The history of the Ranch is the most important asset you have. What the Ranch does going forward can be unlimited. "