Despite potential rising interest rates, the 15,568-acre Dumbbell Ranch in Hyannis, Nebraska's Sandhills region, experienced a swift sale during the spring season. The property, known for its access to the deep Ogallala Aquifer, boasts sub-irrigated meadows that yield approximately 1,800 tons of hay and supports a 900-head cow herd.
The sale of Dumbbell Ranch, anticipated to be finalized this summer, was made to a ranching family from Colorado. While specific details of the transaction were not disclosed, the ranch was listed at $16.7 million, translating to $1,073 per acre. Remarkably, the property was on the market for less than a month, demonstrating its desirability.
Originally encompassing 52,000 acres, the Dumbbell Ranch was divided into three sections in 1937: the Pitchfork, the 3 Circles, and the Dumbbell, as overseen by the real estate firm Hall and Hall, responsible for the sale. Combining native rolling hills, sub-irrigated meadows, excellent winter protection, and abundant water resources, the ranch offers a rare and well-rounded package for prospective buyers.
The successful sale of the Dumbbell Ranch highlights the allure of expansive farmland in Nebraska, particularly properties with access to valuable water resources like the Ogallala Aquifer. Such well-equipped ranches, boasting a balanced mix of features and exceptional quality, are seldom available in the market.
Source : nebraskaagconnection