TBD County Road 230 , Walsenburg, CO 81089(Huerfano County)

The Bell S is perimeter and cross fenced into (9) pastures ranging from 321 to 975-acres, a rotationalsystem that has promoted good pasture management over the years. The primary forage sources onthe ranch include wheat and gramma grasses. In addition, the ranch contains approximately 110-acres

of irrigated crop currently planted in an alfalfa/bromegrass mix and sorghum. Annual hay productionfor 2024 is forecasted at 1.5-tons per acre. The ranch has grazed between 475 and 525 yearlings for thelast three years (Mid-May through September), while still resting two to three of the pastures. Ifoptimization is your goal, it is estimated that the ranch could handle up to 700+ yearlings over the sameperiod and assuming average annual precipitation.The overall usability of the ranch is nearly 100% with gently rolling terrain and more prominent hillsextending along the southern and eastern boundaries. The ranch is also afforded spectacular panoramicviews to the west that include the Spanish Peaks, Sangre De Cristo and Wet Mountains.A sizable arroyo extends through the central portion of the ranch that serves as both a wildlife corridorand shelter for the livestock. Pronghorn Antelope and Mule Deer are common inhabitants with theoccasional sighting of Elk.

WATER & RESOURCES

The Bells S is one of the better watered ranches in the area. Two gallery wells distribute water to (12)above ground stock tanks dispersed throughout the individual pastures. When drilled in 2014, thosewells were producing at notable rates of 50 and 98 gallons per minute. Well number (1) is electric

powered with a dedicated meter, while well number (2) was recently upgraded to solar. There are alsoseveral dirt tanks and ponds that gather seasonal rain fall and run-off. A new installed 9,000 gallonstorage tank provides readily available storage to supplement the tanks.

The ranch contains senior water rights originating from the Cucharas River that will also convey:

Gomez Ditch Priority #10 for 3.2 c.f.s. irrigation up to 160-acres (appropriation date of June 8, 1868)

Gomez Ditch Priority #124 for 7.0 c.f.s. irrigation up to 350-acres (appropriation date of April10, 1888)

Sharps Orchard Storage Reservoir Priority #11

La Jolla Reservoir Priority #7

La Jolla Ditch

Overflow Ditch

Underflow Ditch &

Farr Seepage Ditch

Seller will also convey 100% of all owned mineral rights.

IMPROVEMENTS

Existing improvements, located at the original ranch homestead, are limited to grain bins and a Quonsetbuilding (varying utility and limited contributory value). A recently updated set of working pens arepositioned in the north-central portion of the ranch and all fencing is in good working order.

PROPERTY SUMMARY

Though not encumbered by a conservation easement, the ranch is considered an ideal candidate. Aproperty of this size, and containing adjacent interstate access, is becoming increasingly difficult toobtain along the ever-expanding Colorado Front Range. As far as potential alternative uses, the

Walsenburg area, including the Bell S, have received interest from a number of solar and/or wind energyfirms over the recent past regarding possible future development.

Give Brent Hedrick or Manny Trujillo a call to schedule a private showing.