Just over 5,800 acres of irrigated farmland in central New Mexico is scheduled to go to auction during the final week of August.
Located in Moriarty, what is called the King Farms is in every way big, comprised of 21 wells and 21 center pivots which have traditionally produced alfalfa and other crops.
The King Farms is also the home to just over 2,000 acres of pivot irrigated farmland, and some 3,055 acres of native pasture.
The August 29 auction, to be held at the Moriarty Civic Center, is being conducted by the brokerage firm of Hall and Hall, which has offices throughout Colorado and Texas, among other states.
In the notice of the upcoming auction, the Hall and Hall listing additionally notes that the King Farms also includes “several tracts with residential or commercial development potential.”
The property, which was listed for sale two years ago with an asking price of $31.7 million, was farmed for more than a century by William King and members of his family, who were regarded as pioneers in the development of irrigation in the area.
By Garry Boulard
