Memphis, TX 79245(Donley County)

185.39 acres of land was previously in farmland and now enrolled in the CRP. Soils on the CRP tracts are mostly level to gently rolling in topography and contain a good cover of CRP grasses.

CONSERVATION RESERVE PROGRAM (CRP)

185.39 acres of the ranch is in the CRP program, with a rental rate of $20 per acre, expiring September 30, 2030. This CRP contract can be assumed by the buyer, and provide an annual CRP income of $3,707, or can be bought out of CRP and cancel the contract.

IMPROVEMENTS

The only structural improvement of value is a pole and wood-frame 40 x 30 hay barn. Several older dilapidated barns/sheds are on the property that are in need of demolition. Exterior fences are considered good, with few interior fences, and most in poor condition.

Two old irrigation wells are located on the property. The condition of the wells are unknown, but could be investigated by the buyer to determine feasibility for use. Two domestic livestock wells are located on the property. One is in good working condition, with the other unknown.

Single phase electricity and natural gas are available on the property.

RESOURCES

All owned mineral and wind energy rights will convey to the new owner.

WILDLIFE

Whitetail and mule deer are found in this area of the Panhandle, with whitetail being the predominant species observed on this property. Mule deer are occasionally seen on some portions of the ranch. Other game animals observed include dove, quail, and predators. No hogs are seen at this location.

REMARKS and PRICE

The 408 acre Ranch is considered a good investment property that can provide outstanding hunting and recreational appeal. Being located on Highway 287, this property is also quite for a homesite or weekend retreat. The property can support a cattle operation today, and upon expiration of the CRP contract, the entirety of the ranch can be used in the livestock operation to take advantage of the CRP grass cover for grazing.

This property is being reasonably offered at $1,750 per acre.

Call Clint Robinson at (806) 786-3730 for more information or to schedule a private showing.

The information contained herein is believed to be correct. However, Charles S. Middleton and Son, LLC, does not warrant for its accuracy. It is the buyer or buyer agents responsibility to verify all information. Buyer's agent must be identified on first contact & must accompany his/her prospect on all showings to be allowed participation. If this condition is not met, fee participation will be at the sole discretion of Charles S. Middleton and Son, LLC.