Singleton Farm
We are proud to have obtained an exclusive listing on 320 acres, more or less, located in the southwest-quadrant of Lynn County, Texas, being approximately 2 miles east and 1 mile south of New Moore. Access is by graded CR 34 on the north and graded CR 36 on the south.
Legal Description:
The West-half (W/2) of Section 21, Block H, EL & RR Survey, Abstract 180, Lynn County, Texas, containing 320 acres, more or less.
Description:
The terrain of this property varies from nearly level to gently sloping. Slopes across this farm range from 0-3%. A draw area heads-up on the south-central side of the property and flows to the south. This area covers approximately 18 acres and currently has a fairly dense canopy of salt cedars. The Singleton Farm is definitely a property that could be placed back into cultivation, if desired. The majority of the land laying around this farm is a combi...
The terrain of this property varies from nearly level to gently sloping. Slopes across this farm range from 0-3%. A draw area heads-up on the south-central side of the property and flows to the south. This area covers approximately 18 acres and currently has a fairly dense canopy of salt cedars. The Singleton Farm is definitely a property that could be placed back into cultivation, if desired. The majority of the land laying around this farm is a combination of irrigated and dryland farmland.
CRP Information:
With the exception of the 18 acres in salt cedars, the entire property is currently in a good stand of mixed grasses. Currently, a total of 280.7 acres are currently enrolled in the Conservation Reserve Program (CRP). This land is in two separate CRP contracts, with 156.7 acres paying $5,456/yr., expiring in 2020 and 124 acres paying $4,672/yr., expiring in 2022. The total annual payment from both contracts is $10,128.
Minerals/Wind:
Seller will retain one-half (1/2) of the minerals currently owned and one-half (1/2) of the wind royalty rights.
Price:
$850 per acre
Remarks:
If you are looking for an investment property, or land that can be put back into cultivation for organic crops, the Singleton Farm should demand your attention. Please call Rusty Lawson at 806-778-2826 for more details.
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