NORTH RIDGE FARMS LLC

MALAD, IDAHO

1166 Acre farm 10 miles from Malad, ID

821 irrigated acres including pivots and wheel lines

90 Acres of Dry Farm

255 Acres of Grazing and Dry land pasture

Grows potatoes, wheat, barley, alfalfa

Recently renovated irrigation system with PVC mainline, VFD’s and newer Center Pivots.

Table of contents

Summary

Regional Maps

Acreage breakdown

Crop Yields and Rotation History

Irrigation System

Water Rights

Offering Procedure

Disclaimer

Maps

Background

Tyler Hoopes was born and raised to be a farmer. With his background in the Seed potato business in SE Idaho. He and his wife came here to farm in 2013 to start fresh and find something of his own to call his own. However, they found that the distance from the community they loved was too much of a burden on family life. So it is with sadness that they have chosen to sell this property. But their loss is your gain. Tyler took this property and turned an alfalfa and grain farm into a productive small grain and efficient potato farm.

In 2016 Tyler Hoopes took a position with Farm Bureau Mutual Insurance

Company of Idaho and has been active in his position as a crop specialists. He has decided to sell this farm so that he may fully focus on this new business venture. He has no interest in the option of leasing back the property.

The property is being offered for a purchase price of $5,000,000.00. If the potential purchaser has an interest in leasing the property for the 2018 farm season a short term lease-purchaseoption would be available.

Century 21 High Desert is the exclusive Broker on this offering. The owner requests that any and all inquires be made directly to Evan Tibbitts

Farm Location

North Ridge Farms is located just south of the city of Malad, Idaho in Onieda County. It is conveniently located just off Interstate 15 Exit 3.

Gross Acres

FSA cropland acres1014.28

Irrigated Cropland 711.04

Other Cropland- dry farm 157.01

Grazing190.01

Yields

Potatoes

400 +cwt/acre depending on the variety.

Alfalfa

6+ Tons/Acre

Grain

125 Bu/Acre of Soft White Wheat

Irrigation System

Since North Ridge Farms has purchased the property there has been a significant amount spent to upgrade the irrigations systems.

Pump station upgrades

V. F.D. Drives on all pump 1 & 2

Newer pumps

1. 2016 Valley pivot with CAMS panel

1. Mid 90’s Zimmatic Pivot with 3 year old nozzles and regulators

2. Early 2000’s Valley pivots with new nozzles and regulators

1. Newer T-L pivot with new nozzles and regulators

10 wheel lines

mainline

Well Depths and power costs

Power costs From Rocky Mountain Power at $35.00 to $40.00 /Acre

Pumping depths are approximately 300 feet deep on all 3 wells.

Total power costs are only $35 to $ 40 per irrigated acres.

Pump station specs

North well 300 feet deep-- 2016 200 HP high efficiency motor with 2016 variable frequency drive. Pump set at 240 feet with static water at 87 feet.

Middle Well 300 feet deep-- 200 HP motor with 2016 variable frequency drive. Pump set at 240 feet with static water at 85 feet.

South Well 300 feet deep—2016 125 HP high efficiency motor with 2016 variable frequency Drive. Pump set at 240 feet with static water at 85 feet.

Water Rights

Water Right Priority Diversion Annual Acres

Number Date Rate Volume Irrigated

15-7134 12/30/1991 2.51 CFS 441 107

15-7142 1/19/1994 2 CFS 551.3 107

15-7252 9/23/2003 1.25 CFS 483 56

15-7335 8/26/2010 1.23 CFS 24.4

15-7366 2/12/2013 4 CFS 160

15-7382 8/04/2014 2.55 CFS 127.5

15-7412 7/21/2015 3.6 CFS 60

15-7413 7/21/2015 1.44 CFS 34

17.35 675.9

Property Taxes

$1932.98