Legal Description: Abstract 146, Block A-1, Section 27, North/Part of West/2, South of Hwy, Hale County Texas, containing 132.48 acres more or less. Location: From Plainview Texas, approximately 4.8 miles south on Interstate 27 to exit 43. Take the exit and go over the overpass, then continue south approximately 8/10 of a mile to the northwest corner of property. The property is on the south side of Interstate, with County Road 145 on the North boundary, and Sun Road on the West boundary.
Description: This is a very nice small farm with almost all acres under drip irrigation. The drip system was installed in approximately 2003. A 15’ x 24’ metal building with concrete floor, overhead door, and walk in door protects the filtration system and electrical panel boxes. There are two electric submergible wells that are producing a total of 265 gallons of water per minute. See the recent well meter results that were performed by High Plains Underground Water Conservation District on August 8, 2018. One well is equipped with a 15 horsepower pump that was newly installed this year. The other well is equipped with a 30 horsepower pump that is only a few years old.
Note: The 2018 cotton crop and or insurance, as well as all USDA payments related to this 2018 crop will be retained by the Seller. This includes all payments related to the 2018 crop that may be issued in future years. Buyer will receive all income related to the 2019 and subsequent years.
Taxes: $706.20 (2017 base tax amount including all entities) Mineral Rights: Surface Only. Seller does not own any mineral interests. Wind Rights: Seller believes all wind rights are owned, and all will convey to a Buyer.
All acres under Drip* 2 Wells* Excellent Access* Next to Interstate 27 and County Roads* Filtration Equipment*265 Total GPM*Good, Clean Farm*