Irrigated Crop Land

Farm Description

Location: This irrigated cropland is located Northwest of Dalhart Texas.

Description: 1240 acres of which 1200 m/l acres are irrigated cropland. There is 1230 tillable acres, with an approximate yield of 60+ bushels of Wheat per acre (majority of acres in Wheat) and 240 bushels of Corn per acre (230 acres). Soils in both sections are suitable for potato crops. Agricultural lease offers opportunities favorable to investors.

Lease: As rent, Lessee pays landlord one-half of all crops produced from the property and also one-half of all other farm income pertaining to the property. 60% of rent represents rent of irrigation equipment and remaining 40% of the rent represents rent of the land. Landlord pays for repairs to pumps and all other improvements below surface ground. Lessee pays for repairs to the sprinkler, motor and all other improvements above ground. Each party participates in marketing of the crops. Government Farm payment received annually approximates to DCP.

Structures with additional Lease income: Home (2,000sf) on the farm that lease for a month. 80,000 bushel upright grain bin, 50 x 60 heated shop, 40 x 80 Quonset, 60 x 100 machine shed that leases for a year. 80,000 bushel upright storage grain bin on other section that leases for a year.

Irrigation and water sources: 3 - ¼ mile Reinke towable Sprinklers, 1 - T&L 15’ tower ½ mile Sprinkler 1 - small 3 tower Valley Sprinkler, 5- irrigation wells with a total GPM 1350 that are connected underground with the ability to send irrigation water to any of the pivots. 5 - Gear Head, drive lines and cooling coils, 4- Natural Gas motors and 1- Electric Submersible pump. See attached inventory of equipment with model numbers. Sprinklers and wells in good condition and water quality is good.

Equipment: View complete list in our photos and documents. List includes all sprinklers, irrigation wells, gear head, drive lines and cooling coils.

Soils: Soil survey for the Dallam County area and subject property reflects well drained, moderately permeable soils formed in loamy eolian sediments. These soils are on nearly level to slightly sloping terrain.

Minerals: Any owned by current owner will convey at time of sell.

Real Estate Taxes: Section 14 is annually and Section 7 is annually.

No Pipelines or other Easements known to date.

Conclusion: This Farm is close to Dalhart, Texas and local Agri-business structure. Irrigated Farmland produces a substantial annual income through the crop lease and is a great investment in today's market. As a buyer you would receive annual crop lease payments, storage and home lease payments, possible appreciation of the property over time and as a new buyer you could receive a tax benefit from depreciable assets.

Information is taken from sources believed reliable; however, no guarantee is made by the real estate company.





1240 acre EQUIPMENT LIST

Section 7 and Section 14, Block 6, CSS

1 - ¼ mile Reinke towable sprinkler model #2-6E 5-G serial #9752692

1 - ¼ mile Reinke towable sprinkler model #2-6E5 serial # 476C3242

1 - ¼ mile Reinke sprinkler model #680 serial #579C 5967

1 - ¼ mile Small 3 tower Valley sprinkler model #4271 serial #36240

1 - T&L sprinkler 15’ tower 2451 serial #13989

5 Irrigation wells - underground tie-in

4 - Natural gas motors

1 - GM 7.4L serial #18436571

1 - GM 4.3L serial #12552422

1 - GM V-6 serial #12550460

1 - GM 5.7L V-8 vortec engine, serial #XF335000 41H

1 - Electric submersible pump

4 - Gear Head, drive line, and cooling coil

1 - Amarillo serial # SH

1 - Randolph model G125 EHT serial # 6025-B1001049

1 - Amarillo serial # 2BL31164

1 - Amarillo serial # S 80 76490

Information is taken from sources believed reliable; however, no guarantee is made by the real estate company.