360 Acres in Petersburg, TX - $243,000
Location: Between Plainview Texas and Petersburg Texas, on the East side of FM 789, Hale County Texas, in East/Central Hale County.
Legal Description: AB 951, Block Callahan Co School Land, LG-2, 45-46, 65-68, 87-88, Hale County Texas, containing 360 acres more or less.
Description:
This CRP property is one of the nicest you will find. There is excellent access with FM 789 on the West boundary for 1 mile, and a County Dirt Road on the North boundary. There are 3 wells. Two wells have had the pumps removed. One well is equipped with a domestic stock pump. Electricity is available in several locations. A nice set of livestock corrals are located near the South part. Approximately 70 acres include a nice playa lake and native grass. There is a 3 wire electric fence with metal t-posts around the playa and native acres. The corrals are located on the native acres. Nice large metal gates ...
This CRP property is one of the nicest you will find. There is excellent access with FM 789 on the West boundary for 1 mile, and a County Dirt Road on the North boundary. There are 3 wells. Two wells have had the pumps removed. One well is equipped with a domestic stock pump. Electricity is available in several locations. A nice set of livestock corrals are located near the South part. Approximately 70 acres include a nice playa lake and native grass. There is a 3 wire electric fence with metal t-posts around the playa and native acres. The corrals are located on the native acres. Nice large metal gates insure easy access to the playa/native acres and corrals.
The grass cover is excellent. It will be good for grazing after it expires from the CRP program. There are very few weeds in the CRP grass. In addition to the three wells, fences, gates, and underground tile, there are also two pivot pads for depreciation purposes. Several more good CRP payments make this an excellent income producing property. The Seller states that 25% of the enrolled acres are eligible to graze every year on a rotational basis.
CRP Information:
Acres Enrolled: 289.6
Rental Rate Per Acre: $40.54
Annual Payment: $11,749.00
Expiration Date: 2015
Total Remaining CRP Payments for Current Contract: $70,494.00
Price: $675.00 per acre
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Between Plainview Texas and Petersburg Texas, on the East side of FM 789, Hale County Texas, in East/Central Hale County.
