00 County Rd 78, Peetz, CO 80747

This property is part of a multi-tract parcel that will auction online from April 16 thru April 23, 2026. Buyers may make offers on the property prior to the auction from March 9 thru April 15, 2026, for the seller's consideration. Please see the following properties also included in this auction: Phelps Dryland Auction Tract 2, Tract 3, and Tract 4.  Tract 1 is the west half of Section 27, Township 12 North, Range 51 West of the 6th P.M., Logan County, Colorado, totaling approximately 314± dryland acres. The property includes 169.87 wheat base acres with a PLC yield of 33 bushels per acre. Predominant soils are Rago loam, Platner-Rago-Dacono loams, and Rosebud-Escabosa loam. Access is excellent, with County Road 78 bordering the north boundary, County Road 57 along the east, and County Road 76 along the south. A wind turbine associated with the Spring Canyon One Wind Project is located in the northwest corner and generates approximately $5,400 in annual income. The Tall Grass pipeline crosses the northern portion of the property from east to west and is being converted to transport CO₂. A new lease was signed in 2025, with estimated annual payments of approximately $800. The property is currently strip-farmed under crop share leases. The existing tenant will harvest wheat in summer 2026 to complete his lease. The buyer will reimburse one-third of crop inputs at closing and receive the landlord’s one-third share of the crop. A second one-year crop share lease runs from January 1, 2026, through December 31, 2026. Although the sellers have notified the tenant they will not renew, he has expressed interest in continuing with new ownership. Improvements include a former residence converted to grain storage in the southwest corner and an unused, unregistered well. Parcel 1 offers a strong opportunity for operators seeking to expand acreage or investors pursuing productive farmland with steady income potential. For information on wind and gas line easements please contact listing agent.