Plainview, TX 79072(Hale County)

Description: This is an excellent irrigated farm located on the Hale and Swisher County line between Kress and Plainview Texas. There are 4 Valley Center Pivot Sprinkler Systems that are all in excellent condition. They all have tall tires, fertilizer poly tanks at center, and blue hose drops. Three sprinklers cover 192 acres each and one sprinkler will cover 155 acres. Central pumping systems with two nice electric floating pumps supply water to the sprinklers. This entire irrigation system is very user friendly and efficient. There are a total of twelve wells.(3 new) There is also a good tail water pit with a Dobbs pump that supplies water after heavy rains. There are 341 acres in CRP that includes all corners and non-farmed land. The farm lays extremely flat with a little slope on the SW portion and a 35 acre playa lake.

Improvements: 12 wells,(3 new) several miles of underground tile, central pumping station, 2 barns, 1 shed, 4 Valley Pivot Sprinklers with poly tanks, electricity and natural gas in numerous locations

Access: There is excellent access on the east side of the property, just off the west I-27 access road with mile of highway frontage. County Road 14 is on the west side of property. This property does not have county roads through the center. It is all contiguous, therefore fairly isolated with no outside traffic on or across the property.

CRP Information: (7 different fields)

Acres Enrolled: 341

Rental Rate Per Acre: $40.00

Annual Payment: $13,640.00

Expiration Date: 09/30/2014

Cotton Base: 795.4*Direct and CC Yield: 681

DCP-Direct Annual Payment $30,097.00

Total CRP and Direct Annual Payments: $43,737.00 (not including any counter-cyclical payments)

This is a strong income producing farm. Crops typically raised include cotton, grain sorghum, and wheat. Seller will convey of the oil/gas minerals currently owned and of the wind rights with an acceptable contract.

Price: $1500/acre