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Get Details NowDESCRIPTION
This is your once-in-a-lifetime opportunity to purchase MCM Ranching Ltd. This well-established ranch owns and leases approximately 7,047 acres located primarily along Lake Diefenbaker just north of Stewart Valley. This ranch has over 8 miles (approximately 12 kilometers) of shoreline along the South Saskatchewan River (Lake Diefenbaker). In addition, the SE-6-20-13-W3, which has 101 deeded acres, is serviced with power and includes a well. The well on this parcel provides water for wintering cattle. The well services a cistern that has 2 separate waters for winter operations. In addition, Swift Current Creek runs through the ranch land. It empties into Lake Diefenbaker on NE-34-19-13-W3 and provides an additional water source.
This ranch unit has been well managed. It will carry approximately 200 cows with calves at foot even in dry years. The cultivated areas have been seeded to forage for hay and pasture which has increased the carrying capacity.
Deeded acres of 524 when combined with 6,523 acres of Land’s Branch leases-gives an area of 7,047 acres for the ranch unit.
Deeded acres 524
Leased acres 6,523 (Lease Numbers: 151221,151212 ,100631)
Total Farmland acres 7,047
***Download the Listing Brochure to see the Lease Information and Deeded Land***
A large benefit of long-term leases is the low carrying cost. Total lease fees based on 2024 lease fees (200 cows) is less than $43.64 per cow\calf for an entire season. R.M. taxes would be in addition to the lease grazing fee. Taxes for the ranch(owned and deeded) for the year 2024 were approximately $6,698, or about $33.49\ head based on 200 cows. Taxes and lease fees for an entire year are about $77 per head based on 200 cows.
The purchase of MCM Ranching Ltd. will proceed following the execution of a definitive share purchase agreement and the satisfaction or waiver of all conditions precedent contained therein.
It is agreed and understood that:
1 The Share Purchase Agreement will include the lands listed in the Schedule owned and leased by the Corporation: See attached Schedule “B” Deeded Farmland Legal Land Descriptions and Schedule L including Saskatchewan Lands Branch (CROWN) leases #151221, #151212, and #0100631.
2 The only assets to remain in the Corporation are the deeded farmland parcels and grazing Leases with the Saskatchewan Lands Branch.
3 The Corporation is to have NO outstanding debts, short-term, long-term, or other at the time of completion.
4 It is the Buyer’s responsibility to contact the Saskatchewan Lands Branch regarding lease transfer.
An offer to purchase form is available to make an offer on MCM Ranching Ltd. It will be emailed to those wanting to make an offer on the company.
Terms and Conditions of the tender are as follows:
1. All offers subject to the approval of transfer of all Land’s branch leases to the Buyer within 15 business days of acceptance. The buyer is responsible for all transfer fees.
2. This offer is subject to the Buyer’s Accountant's Review and Approval as follows:
A. The Seller acknowledges and accepts that the Buyer will have a condition subject to the Buyer’s designated accountant conducting a thorough review of the Seller’s financial and corporate records related to the Corporation. This review is to be completed to the accountant’s satisfaction, in accordance with generally accepted accounting principles and standards.
B. Consequences of Unsatisfactory Review: If the Accountant is not satisfied with the review of the Documents, the Buyer may, at its sole discretion, either:
i. Terminate this Agreement by providing written notice to the Seller, in which case any deposits made by the Buyer shall be promptly returned in full; or
ii. Provide the Seller with a written list of concerns and afford the Seller an opportunity to address such concerns to the Accountant’s satisfaction within a mutually agreed upon timeframe.
C. Final Approval: Following the Accountant’s satisfaction with the review of the Documents, or the satisfactory resolution of any concerns raised, this condition shall be deemed fulfilled, and the parties shall proceed to closing in accordance with the terms of this Agreement.
3. The highest, or any, offer will not necessarily be accepted.
4. Buyer must provide a cheque for a 5.0% deposit of the price being offered upon 7 days of acceptance of offer.
5. Seller will be responsible for the property taxes on the property to 11:59 December 31, 2024.
6. All offers must be received in our office [Biggar] by the tender deadline 5:00 P.M. Tuesday, November 5th, 2024.
7. All offers received are to be left open until 5:00 P.M. Tuesday, November 15th, 2024. All offers received will be addressed and responded to [i.e. accepted, rejected, or countered].
8. Although the Seller’s Brokerage is required by law to immediately notify the Seller of all offers received on the property, the Seller irrevocably directs, instructs, and authorizes Hammond Realty NOT to inform or present the Seller with any offers received until after the date and time detailed in Term 6 above.