The Freeman Family Ranches - a decades-old, family-run cattle operation that straddles the Texas-Oklahoma Panhandle - has hit the market with a price tag of $127.7 million as a single package. The offering bundles roughly 88,000 acres across three adjoining ranch units that run about 20 miles from north to south. Whoever signs on the dotted line will be stepping straight into a working operation with irrigated cropland, a large feedyard and several non-cattle revenue streams already in place.
What’s on offer
According to Hall & Hall, the listing pulls together approximately 87,953± deeded acres in three main chunks: the 46,355-acre Anchor D Ranch, the 31,931-acre Coldwater Ranch and the 9,661-acre Frisco Ranch. The marketing pitch leans hard on turnkey infrastructure, with fenced and cross-fenced pastures, multiple irrigated circles and established shipping and working pens, all set up to keep cattle operations moving from day one.
Agent's take and family wishes
Chad Dugger, the MySA-quoted Hall & Hall partner handling the deal, called the spread "just a very productive, very unique property" with "no competition" in the current market. MySA reports that the Freeman family decided to sell after a partnership governing the ranches expired and has been firm that the three tracts move as a single unit rather than be carved up.
Built-in income streams and infrastructure
Per LandWatch, the Anchor D unit is split by the Beaver River, Coldwater brings hundreds of irrigated cropland acres to the table and Frisco carries a CAFO-permitted feedyard with a practical capacity near 9,000 head, plus a steam flaker mill. The listing materials also highlight wind-energy royalties and a bitcoin-mining lease as extra income lines that give the ranches some modern-day investment flair alongside the traditional cattle business.
Price per acre and the math
According to Hall & Hall, the advertised 87,953± acres translate to an asking price of roughly $1,450 per acre. That figure reflects not just grazing land but also irrigated ground and the operational improvements baked into the package. Because the ranches are being marketed only as one collective unit, prospective buyers will be running the numbers on scale and operational synergies instead of trying to value each tract on its own.
Who might step up
The most likely suitors are large cattle outfits, agricultural investors hunting for irrigated acreage and companies that put a premium on wind-royalty and feedyard income. Conservation-minded buyers or institutional investors could also take a look, but brokers are clearly positioning the listing as a turnkey, revenue-generating ranching enterprise rather than a future subdivision play.
MySA notes that the Freeman Family Ranches are co-listed by Hall & Hall and Sam Middleton of Chas S. Middleton and Son, LLC. Sale materials and showings are being handled through the brokers, and interested parties are directed to the listing agents for detailed maps, the full brochure and a schedule of viewings.
