STREET REAL ESTATE HOME FARM & CRP LAND

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Floyd County Half Section* FM 689*
NE of South Plains TX

2 Wells* Raincat Towable Sprinkler

Floyd County Information Packet

Location: From South Plains TX, two miles north to FM 689, then one mile east on FM 689 to the NW/corner of property. From this corner, the property lies ½ mile east and 1 mile south.

Legal Description: West/2, Section 18, Block D-1, AW Collins, Floyd County Texas, containing 317.15 acres more or less.

Description: This nice half section of irrigated farmland is located near the north/central portion of Floyd County Texas, only 3 miles from South Plains Texas. Excellent access is provided by FM 689 on the north boundary. The farm lies one mile south, and ½ mile east/west. A Raincat towable sprinkler system is available. (1997 model) This is an older sprinkler in fair to good condition.  There are two irrigation wells that are producing 205 total gallons of water per minute. The wells were metered by the High Plains Underground Water District’s personnel on Monday, April 23rd after pumping for several weeks.  The land is currently leased to a local farmer for the 2019 crop year. The land appears to be clean and well cared for. The two well pumps are currently owned by the tenant. 61.5% of this farm’s soils are comprised of Pullman clay loam, with 0-1% slopes. This is the most desirable soil type for typical crops raised in this area. 19% of the soils are classified as Pullman clay loam with 1-3% slopes. See soil maps for additional information. A playa lake is located near the west side of the north quarter section and contains approximately 21.32 acres. This farm also has 36.56 acres enrolled in the USDA FSA CRP program through 9/30/2023. The annual payment is $1,172.00.

Price: $336,000.00

Other: Seller reserves one half of the mineral and wind interests currently owned.