STREET REAL ESTATE HOME FARM & CRP LAND

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Floyd County Section*NE of South Plains TX*
7 Wells*2 Towable Sprinklers*  

Floyd County Information Packet

Location: From South Plains TX, two miles north to FM 689, then 2 miles east on FM 689, then 2 miles north to the SW/Corner of section.

Legal Description: North/2, Section 1, Block B-6, BS&F, containing 320 acres more or less, and SW/4, Section 1, Block B-6, BS&F, containing 160 acres more or less, and SE/4, Section 1, Block B-6, BS&F, containing 160 acres more or less, all situated in Floyd County Texas, and containing a total of 640 acres more or less.

Description: This nice section of irrigated farmland is located in the north/central part of Floyd County Texas, less than one mile south of the Briscoe County line. Access is provided by County Road 38 on the south boundary and County Road 199 on the east boundary. There are a total of 7 irrigation wells. All wells are equipped with electric submergible pumps. All pumps are owned by the tenant. There are two older towable pivot sprinkler systems in good to fair condition and owned by the Seller. Underground tile is comprised of all plastic line. Six of the 7 wells were metered on 4/22. See attached copy of the well meter information and maps of the well locations on our website. The wells are currently producing a combined total of 305 gallons of water per minute. The NW/4 of the section has a large playa lake bottom, surrounded by mixed forage and native grasses. The other 3 quarters consist of good producing soil types. See attached soil maps on our website. This section also has 168.26 acres enrolled in the USDA CRP program through 9/30/2023. The annual payment is $6,485.00. Take a look at this nice section of farmland/grassland in north central Floyd County. Another half section is for sell by the same Seller within 2 miles of this property on FM 689. A Buyer could purchase all 957.15 acres from the same Seller.

Price: $656,000.00

 

Minerals and Wind Rights: Seller reserves ½ of mineral interests and wind rights currently owned.