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Dallam County, Texas real
estate |
Click on photos to enlarge |
 Listing
# TX10014
Price $2,300,000.00
1560 m/l acres, Dallam County Texas Irrigated Cropland
Location: This irrigated cropland is located Northwest of Dalhart
Texas.
Description: 1560 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
$23,380 DCP.
Structures with additional Lease income: Home (2,000sf) on the farm that
lease for $600 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 $12,000 a
year. 80,000 bushel upright storage grain bin on other section that
leases for $3,000 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.
The owner recently completed 2 additional wells (10 July 2011) with one
pumping 200 GPMs and the other pumping 300 GPMs. This has increased the
operating wells to 7 and increased the total wet acres and production
potential.
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 $1458 annually and Section 7 is
$5200 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.
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1560 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
2 – Towers, make - model not available at time of description being
published
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 # SH125 130447
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.
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Click on photos to enlarge |
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Texas
Farms - Ranches - Land and Real Estate For Sale
Rural Property For Sale - CRP and/or Hunting Land For Sale -
Hunting Lodges
Texas real estate, Texas farms, Texas
ranches, Texas hunting land, Texas rural real estate |
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