I Lazy T Ranch
Sold on November 18, 2019
from 6:00 PM to 6:00 PM UTC
Location
Irma/Hardisty, AB
Sale Size
5 Parcels
Final
$305K - $1.07M
The I Lazy T Ranch, located near Hardisty, Alberta, includes 11 deeded quarters and 7 Grazing Leases; all being sold in 10 parcels. Also has two 100 head allotments in the Strawberry Plains Grazing Association. This land offers it all - fertile land, fence, pastures, river frontage. Truly world class!
The I Lazy T Ranch, located near Hardisty, Alberta, includes 11 deeded quarters and 7 Grazing Leases; all being sold in 10 parcels. Also has two 100 head allotments in the Strawberry Plains Grazing Association. This land offers it all - fertile land, fence, pastures, river frontage. Truly world class!
Available Parcels
Parcel Name Parcel 1 | Parcel Size | Final $1,070,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size | Final $330,000 | View Details & Offer |
Parcel Name Parcel 4 | Parcel Size 158 ± Acres | Final $400,000 | View Details & Offer |
Parcel Name Parcel 5 | Parcel Size 315 ± Acres | Final $310,000 | View Details & Offer |
Parcel Name Parcel 8 | Parcel Size 132 ± Acres | Final $305,000 | View Details & Offer |
Sale Description
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/c940d555-723b-498f-a555-08d7148f011f/TinyMCEPictures/6b92f53c-9a82-4e50-8307-c15527eb8c57.jpg]The ‘I Lazy T’ Ranch, owned by Judy and Henry Fenton, is situated 170 air miles northeast of Calgary, AB and just 100 air miles southeast of Alberta’s capital city Edmonton. The ranch is made up of 18 quarter sections of land as well as two, 100 head allotments in the Strawberry Plains Grazing Association which will be offered to successful bidders of Parcels 1 and 3. The ranch is located at the intersection of the MD of Provost, MD of Wainwright and County of Flagstaff. The Hardisty airport, servicing jet and turbine traffic, is only 7 miles from the south ranch. Own your own private ranch in the Battle River Valley and live in one of Alberta’s major cities, yet be less than an hour away to freedom on a Friday afternoon. When you are down at the Battle River, it takes little imagination to visualize standing on the wrap around deck of your timber frame ranch home looking across the expansive plateau to the west with your own private 2500’ grass runway.
Parcel 1, the main north ranch, is made up of 320 deeded acres, a 160-acre grazing lease adjoining to the north and an option to purchase a 100-head allotment in the Strawberry Plains Grazing Association. This deeded home half section provides the basis for winter feeding, spring calving and producing summer silage. The grazing lease quarter to the north has, in the past, been cultivated and seeded to tame hay. Bidders may wish to investigate the various options for this quarter with Environment and Parks. The home ranch is located in a sweet spot just 1.5 miles off a paved road that has unrestricted access to Highway 14 under a rail trestle. Located between Highway 13 and Highway 14, the main ranch is at the centre of some of the most fertile farmland in the area, ensuring ample silage sources within a short haul distance. The main yard has a well-maintained ranch house. The RTM has been sold separately. Cattle, machinery and the winter feed in the feed yard will be sold by private treaty and are not part of this sale. The out buildings, including shop and barn, are in good condition. Handling pens and fence are all well maintained as is all the fencing on the ranch. Parcel 1 also includes livestock scale, handling system and all working corrals. The ranch is not tired - new infrastructure has been added each year. The ranch is positioned to start hard at the sound of the new owner’s horn.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/c940d555-723b-498f-a555-08d7148f011f/TinyMCEPictures/7e3f1b6d-cd2c-47b2-b72f-f4ee91b0aa60.jpg]If the home three quarters of the ranch could be considered the wheel horses of the ranch, then the section of Grazing Lease located 4 miles southwest of the main ranch, in conjunction with the ranch's share in the Strawberry Plains Grazing Association known as the CAMP, would likely be considered the ideally matched Percheron draft team. Out of the barn each spring, both are ready to receive and nurture their fair share of cow calf pairs. Both have good fence, clean cold water, brush shelter and hardy grass. These pastures check all the boxes for an excellent rate of gain and a low open percentage for the livestock. The open section of lease with its rolling landscape and majority of open grassland is often used until June when the cattle are sent to the CAMP for summer. The two shares of 100 head allotments in the Strawberry Plains Grazing Association will be offered for sale by option to the high bidders of Parcel 1 and 3 respectively. Terms are set out herein.
The ‘I Lazy T’ Ranch is indicative of what our Western Canadian Heritage stands for. A true working ranch that over the years has produced cattle and equine recognized by cattlemen and cowboys from all regions of Canada. The ‘I Lazy T’ Ranch is what a ranch needs to be to survive generations – rugged, resilient and unwavering. The Ranch knows better than anyone that mother nature can be cruel at times, yet even in an arid summer the virgin Prairie Grass rises to the occasion and continues to produce when tame hay crops are susceptible to being scorched.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/c940d555-723b-498f-a555-08d7148f011f/TinyMCEPictures/bd9cfdaf-fe98-4d60-8126-3b23a73ef4c7.jpg]The ranch itself could easily duo as a big game hunting reserve with deer, moose and elk in abundance. The presence of big game was the reason the Battle River Valley got its name in the first place with native bands battling over control of the rich valley. The southerly 11 quarter sections (Parcels 3-10) are diverse and appear from the air to be a microcosm of the state of Montana or New Mexico. The picturesque Battle River meanders along the east perimeter of the south ranch. Above the west bank of the river you find the large fertile lower basin of the ranch itself. The south ranch cabin sits along the bank of the Battle River. An internal road running northwest rims the west perimeter of the lower ranch. The scenic upper ranch offers numerous building spots overlooking the Battle River valley below. The town of Hardisty, Alberta is at the south doorstep of the scenic upper benches and offers investors or developers numerous possibilities for acreage development. The steep upper benches are known to produce not only good quality grass, but also exceptional ranch horses and seasoned cowboys. The upper coulees are fed with water from springs above.Good well water is also available.
All in all, an unbelievable setting for any ranch. The southern ranch is truly world class and needs to be seen to be appreciated –river frontage, fertile arable tableland all situated on the leeward side of the undulating upper hills and coulees.
The I Lazy T Ranch will be sold by way of electronic tender by CLHbid.com. Please check website for details from time to time.
Vendor Take Back and Strawberry Plains Grazing Association details: Click to view
En Bloc details: Click to view
GL details: Parcel 1 Parcel 2 Parcel 3
SLR details: Parcel 6
I Lazy T Ranch is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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