7,117-Acre Contiguous Farm Operation in the Heart of BC’s Peace River Region – Fort St John, BC

$ 6,500,000

Contiguous 7,117.57-acre farm in the Altona area of BC’s Peace River region. This immaculate farm offers 9 KMs of river frontage on the Beaton River and possesses rich soil and...

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Overview

  • Updated On:
  • April 11, 2024

Description

Contiguous 7,117.57-acre farm in the Altona area of BC’s Peace River region. This immaculate farm offers 9 KMs of river frontage on the Beaton River and possesses rich soil and fertile growing conditions. The current farm tenants grow a variety of crops including fescue, canola, barley, peas and oats. Production information is available upon request. Approximately 4,613 acres are in cleared production with the production land situated in a cohesive block.

The farm derives $11,700 per annum in oil/gas revenues. These facilities are unobtrusive in nature. There are 16 separate titles and approximately 10 grain bins. Various creeks and dugouts are located throughout the farm. The remainder of the property is timbered, but there could be additional lands cleared and put into production.

The current tenants have a land lease until the end of 2026. They are reliable tenants who have been farming the land since 1995. They are willing and able to stay on with the farm and are willing to extend their lease past 2026. Lease details are available upon request.

Wildlife in the area include whitetail deer, mule deer, elk, moose, bears and waterfowl.

LOCATION

Located at the end of Rohrer Road in the Altona area of BC’s Peace River region.

DIRECTIONS

Contact Listing Realtor.

AREA DATA

The Peace River region of British Columbia lays claim as the most robust and diverse economic region of the province outside of the Lower Mainland.  The regional GDP has exceeded $6.6 billion over the last several years and employment opportunities abound.

The region contains vast supplies of natural gas.  It is estimated that northeast British Columbia holds more than 2,933 trillion cubic feet of natural gas.  This resource provides significant economic opportunity, as global companies invest in resource extraction and infrastructure to transport the region’s various petroleum products to market.

The region also possesses 40% of the cumulative provincial ALR lands in British Columbia.  This makes the region a mecca when it comes to farming, ranching and outdoor recreational pursuits.  Cattle ranching continues to dominate much of the Peace River region’s rural landscape with the area possessing over 60,000 head of cattle and accounting for over 22% of the provincial total.  This is a testament to the quality grazing conditions throughout the region.

The region’s annual average precipitation ranges from approximately 330-570 mm.  The area possesses rich, fertile soil and produces more wheat, barley and grass seed than any other region of the province.

The city of Fort St. John is the most populace municipality in the Peace River Region with a population of 20,155.  The oil and gas sector continues to be the primary economic driver of the municipality with over 15% of Fort St. John residents employed directly in the industry.  Most regionally active oil/gas exploration, production and servicing companies have offices located in Fort St. John, which serve to boost other businesses particularly those in the service sector.

VEGETATION

The portions of the farm not in cultivation are largely covered in aspen.

RECREATION

The property is relatively close to the lively city of Fort St John.  Fort St. John provides the opportunity to enjoy various forms of urban recreation.  Fort St. John offers numerous dining and entertainment experiences all within a short commute from the property.  There is a domestic airport with daily flights to Edmonton, Vancouver and Calgary.

In addition to recreational activities in town, there are endless outdoor pursuits in the greater Peace River Region.  Some of the best hunting and fishing in all of British Columbia may be found in the Peace River region and on this property specifically.  The property and surrounding area has robust populations of mule deer, whitetail, moose and elk, which provide ample hunting opportunities for the most discerning sportsmen.

Additionally, the property is excellent for equestrian pursuits, with stunning views out over the surrounding countryside.  With trails situated throughout the property, there is endless opportunity to explore on horseback.

HISTORY

Fort St. John is rich in history and discovery.  For instance, at Charlie Lake Cave, located 7 km north of Fort St. John, archaeologists have uncovered artifacts from a Paleo-Indian settlement that was active there more than 10,500 years ago.

It is also interesting to note that Fort St. John is the oldest non-native settlement in British Columbia.  The town was first built in 1794 when it was called Rocky Mountain House.  It was a staging point from which further incursions into Northern BC could take place.  It was the Second World War which was responsible for expanding the infrastructure through the Fort St. John region with the construction of the Alaskan-Canada Highway.

In 1951 the region gained fame, as a major producer of oil and gas in British Columbia.  In that year the “Fort St. John No. 1” well hit gas at a depth of 1,524 metres.  A few months later, in January 1952, the first deep well hit gas at 4,418 metres.  Drilled on the Bouffioux Farm, that well is still producing today.  Transportation/infrastructure improved at a rapid rate after that.  In 1952, the Hart Highway finally connected the region to the rest of British Columbia, and in 1958 the Pacific Great Eastern Railway arrived in Fort St. John.  That ease of transportation has allowed the region’s agricultural and forest industries to compete in distant markets.

INVESTMENT FEATURES

  • 4,613 acres of cultivated production land.
    • Tenants are currently growing a variety of crops.
    • Production figures available upon request.
  • Tenants have farmland leased until end of 2026. They are quality tenants and have been leasing the land since 1995. They are willing and able to extend the tenancy agreement past 2026.
  • $11,700 in oil/gas income per annum. Oil/gas structures are unobtrusive.

SERVICES

NA

IMPROVEMENTS

  • 10 grain bins (exact number to be determined)

TAXES

  • $1,665 (2022)

ZONING

A-2

LEGAL

Lengthy Legals – Please contact listing agent for land titles.

 

City:
State/County:
Country: Canada
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Property Id : 33572
Price: $ 6,500,000

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