1,266 acres in Bailey County

Location:

Northwest Bailey County near FM 3125 approximately 10 miles Southeast of Farwell, Texas and 14 miles Northwest of Muleshoe, Texas. Farms are in the South plains region of Texas (four farms combined either contiguous or within two miles of each other).

Improvements:

These combinations of irrigated and dry land farms are a great setup for a cattle or farming operation. There are a significant amount of depreciable assets with six irrigation sprinkler pivots, 20+/- irrigation wells and panels, miles of underground pipeline, and a large metal barn. The farm has been previously used as a combination Row-crop and cattle operation. Depending on the amount and time of water needed for a certain crop, the owner may rotate the use of the pivots and wells to maximize production of the irrigation acreage of the farms.

Currently the owner/operators irrigate approximately 360 acres.

These four excellent farms are composed of sandy loam soils consisting of 1266 acres more or less with the following improvements:

• 4 – 10 tower Gifford-Hill center pivot sprinklers
• 2 – 7 tower valley center pivots sprinklers.
• 10 wells tied together on the West farms that produce approximately 500-600 GPM.
• 10 wells on the East farms that are currently used as domestic and stock water wells.
• Well depths to approximately 280 – 315 feet.

Base acreages on farms:

• 487.90 generic acres
• 462.10 corn acres
• 141.6 wheat acres
• 137.7 grain sorghum acres

Minerals:

Owner believes to own some of the mineral rights under this property and would convey a portion of these with an acceptable contract. Owner does not guarantee current ownership of all or some of the minerals, but buyer may have this researched.