Vega, TX 79092(Deaf Smith County)

The properties water rights will transfer in full to the new owner/s. Water, pumped from eleven irrigation wells, is distributed through a system of underground pipes to two half-mile center pivot Valley sprinklers that furnish water to the crops. The sprinklers are nozzled at 750 gallons per minute (gpm). The wells include a Dockum well, drilled in 2011, and 10 Ogallala wells. They are operated below their full capacity to insure strong, consistent water flows to the sprinklers throughout the irrigation season. Electricity provides power to the sprinklers and irrigation wells.

History:

Historically, the farm has produced corn, grain sorghum and wheat. During the past 6 years, the owners have worked to develop the farm into an efficient operation that produces consistent crop yields. Depending upon commodity prices and related economic factors, crops produced are sold on the open market or to local feedlots and dairies.

Improvements:

An approximate 800 head capacity grow yard sits on the Southeastern corner of the property and covers an area of 6 acres. Pipe fencing, load-out chute, scales and two earthen silage pits sit just to the East of the yard. A domestic well with an electric submersible pump furnishes water to livestock at the yard.

Also, on the Southeastern side of the farm alongside CR 21, is a three bedroom, two bath brick home. This home is +/12,168 square feet, has an attached small two-car garage, slab foundation, metal roof and central heating & air conditioning. The house is supplied with water by a separate domestic well with an electric submersible pump and has a private septic system. The house sits on approximately 1.5 acres with county road frontage.

The property is partially outlined with 5-strand barbed wire fencing and hot wire that is in good condition.

Minerals:

This offering includes 100 percent of the mineral rights owned by the seller/s.

Landscape:

The terrain is flat and readily available for farming usage. The soils here within are listed with accompanying percentages for area of interest totaling 100%: Pullman clay loam (PuA) 51.2%; Pullman cla loam (PuB) 26.4%; Pep clay loam (PcB) 12.4%; Pep clam loam (PcC) 5.9%; Randall clay 4.1%.

Exclusions:

There are no exclusions on the property except property belonging to the homes tenants.

Zoning/Easements:

The farm is outside any municipality and not zoned. There are no known easements that adversely affect operation of the farm. It is anticipated that all existing easements will be identified by surveys performed in connection with the sale process.

Taxes:

The estimated property taxes for 2016 are $6,407.29 (Property ID 27476 - $2,206.16, Property ID 10373 - $1,979.24, Property ID: 7005 - $2,221.89).

Water Conservation District:

The property lies within the High Plains UWCD No. 1

Area:

The property is located in the North East quadrant of Deaf Smith County and sits South of Interstate 40 and West of Highway 385.

Access:

The property is accessible from via dirt roads with county road frontage on both the South and West sides. The Southern frontage meets County Road 21 stretching one mile and the Western side is on Count Road HH and extends for two miles. Both CR21 and CR HH are county maintained caliche roads. The farm is exactly one mile from pavement and 13.81 miles to Interstate 40.