Legal Description: AB 328, Section 15, Block O-2, 490 Acres in Hale County Texas, and AB 3600, D & SE, West/Part of Section 15, Block O-2, 150 Acres in Lamb County Texas, for a total of 640 acres, more or less, situated in Hale and Lamb Counties, Texas.
Location: From Halfway Texas, 7 miles west on Highway 70 to County Road B, then one mile south on County Road B to the NE/corner of section.
Description: This is a very nice section of land located approximately 20 miles west of Plainview Texas. The Hale/Lamb County line splits the property from north to south. There are a total of 7 irrigation wells that are producing approximately 450 total gallons of water per minute. The wells appear to be in good condition. Two wells were repaired this year. 1- 12.5 HP*324’ depth*pump set at 315’* 1- 15HP*311’ depth, pump set at 306’. The other pumps range mostly form 10-20 HP submersibles. Two Valley pivot sprinkler systems apply the water to the land. The north sprinkler is a 1992 model and 1868’ length. (11 tower) The south sprinkler is a 1990 model and 1665’ length. (10 tower) The well pumps, panel boxes, and sprinkler systems all convey with the sale. A playa lake bottom and grass are located in the northwest part of the farm. The southwest part of the farm also has established grass for grazing. Current crops have included cotton, wheat, grain sorghum, and corn. This farm is perfect for irrigated crops, dryland crops, and with the lake bottom and grass, it is a nice combination farming/cattle property.
Price: $1,195.00 Per Acre
Minerals and Wind Interests: Seller reserves ½ of the mineral and wind interests currently owned. Taxes: $2,192.44 (2018 base tax amount with all entities)
Other: A small barn on the property is excluded and will be removed. Tenant’s livestock, livestock panels and fences will be excluded. The 2018 crop and 2018 USDA payments will be retained by Seller. Also, the current tenant has wheat planted and currently grazing cattle on part of the farm. The wheat crop will be retained by tenant through graze out or harvest.