1,447 acres in Castro County, Texas

$1,250,000

1,447.00 acres

Texas

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PROPERTY DESCRIPTION

This 1,447-acre Texas Panhandle farm, located approximately 4 miles northwest of Dimmitt, Texas, is one contiguous tract of land with 1,104 acres currently enrolled in the USDA Conservation Reserve Program (CRP). The annual CRP payments total $43,413.00. Approximately 238 acres are in cultivation and cashed leased. Irrigated crops have been produced previously on the farm. As evidenced by the farm's USDA-FSA crop bases, commodities produced have included wheat, oats, corn, cotton, and barley.

Prior to enrollment of the property in the CRP, irrigation facilities (wells, underground pipe distribution system, and center pivot sprinkler) were in operation, with sufficient subsurface water to support the crop program. The decision to enter the farm in the CRP was based upon factors outside the availability of subsurface water. A number of farms in the immediate area currently produce irrigated crops, thereby indicating potential to re-establish a portion of this farm into irrigated crop production. Information obtained from High Plains Underground Water Conservation District (HPUWCD) indicates presence of irrigation quantity water under this farm similar to that of others in the area. HPUWCD water monitoring information, along with logs of wells drilled previously on the property is available for further investigation.

The farm's perimeter, along with a few cross fences, is fenced with 4-strand barbed wire ranging from good to fair condition.

The potential for irrigation production, along with CRP income make the farm a solid base for producing consistent annual returns on the investment.

USEFUL DOCUMENTS

DIRECTIONS

From Dimmitt, TX go west on FM 2392 approximately 4 miles. Farm fronts on north side of FM 2392. East boundary is CR 511. West boundary is FM 509.