Lamb County Irrigated Farmland
This is a nice farm with many improvements. It is being cash leased to a very good farmer, for $18,000.00 per year. The tenant takes care of all the sprinkler and well repairs, making this farm a really nice investment. With a basic sprinkler insurance policy, this farm has an expected ROI of 6.3%. There are many depreciable assets including water wells and a sprinkler, that help shelter the income produced.
There are six submersible wells producing around 320 gpm during peak summer usage. The sprinkler and all the wells are tied together with 6 inch 80 psi PVC. There is another original well with a small pump in the hole. This well is a light producer and the owner will remove the pump and pipe prior to a sale. There is also a house well on the SW corner of the property.
There is a 1994 Valley 6000 Sprinkler with 37,789 hours. The sprinkler is nozzled for 300 gpm. It has 24 wheels ...
There is a 1994 Valley 6000 Sprinkler with 37,789 hours. The sprinkler is nozzled for 300 gpm. It has 24 wheels and a reverser. There is a mechanical flow meter on the sprinkler. There is a 1,000 gallon poly fertilizer tank and a John Blue fertigation pump that will convey with the sale.
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