Lazbuddie, TX 79347(Parmer County)

This farm is offered separately, or in conjunction with another farm just 2.5 miles to the north of it (see website for more details).

LOCATION AND ACCESS:

The property is located in the southeastern part of Parmer County of the Texas High Plains, 20 miles NE of Muleshoe, Texas: (pop: 5,054) the closest town. Clovis, NM (37,902) is 36 miles west of the property. Lubbock, TX (pop: 263,930) is located 80 miles SE of the property which houses an international airport. The farm has CR 26 (dirt) on the western boundary, and CR DD (dirt) on the south boundary, and CR 27 (dirt) on the eastern boundary.

OVERALL PROPERTY DESCRIPTION:

The land comprises of:

272 acres,

200 acres under the pivots,

100 acres with potential to be organic certified (no chemicals in last 3 years).

2 center pivot irrigation systems

A total of 5 wells, which are piped together to feed the center pivots one at a time.

The land is mostly level with minimal contour. The elevation ranges from the highest point of 3925ft to 3830 ft at the lowest. Most of the soils consist of Acuff Loam (0-5% slopes) and Olton Clay Loam (0-1% slopes) small portion containing Sparenberg clay, (0 to 1 % slopes). The property has generally been used for cattle grazing, winter wheat production, sorghum for silage, and cotton farming.

IMPROVEMENTS AND IRRIGATION:

The eastern most pivot has a Valley 6 tower pivot, nozzled at 200 gpm. The eastern most pivot of has a 6 tower Valley Pivot, nozzled at 200 GPM. All 5 wells are piped together and designed to water each pivot seperately.

ORGANIC POTENTIAL:

The current owner has implemented rotational cattle grazing practices on his farm and has begun transitioning to partial organic. 1 of the 2 circles could be certified organic with the proper paper work. The seller has expressed the willingness to sign an affidavit for the next owner to attest to no synthetic use on these two circles to help facilitate the certification for the new owners. The north circle (100 acres) could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.

MINERALS ENERGY WATER RIGHTS:

All seller owned minerals, if any, will convey upon purchase. The seller is unaware what percentage of minerals are currently owned. The owner believes to have 25% of the wind rights. All wind rights will convey upon purchase. The Bethel Wind Farm is the closest wind farm and is 9.8 miles away. The owner owns 100% of the water rights which will transfer to the new owner.

UTILITIES:

Overhead three-phase electricity available provided by Bailey County Electric Co-op on the property and on the county roads. Please see the interactive map to view where electric lines are located (as indicated by dotted black lines).

BROKER REMARKS PRICING

Irrigated parcels are increasingly harder to find in the South Plains, especially those with the potential to be organic. With just a little bit of paper work, 100 acres could be certified, increasing profitability and even the value of the property. With there being 2 pivots, 5 wells, there is a great amount of depreciable assets for tax benefits for operators and investors alike.

"DD Farm" priced at $2448/acre or $665,950. There is an additional 320 acres to the north which can also be purchased in conjunction with this farm if desired. See our website for more details.

***The seller will consider any reasonable offer, and there may be potential for a leaseback if the new owner is seeking a tenant farmer.***

We thank you for you time and for review of these two parcels. If we can answer any questions, you may call or text: 8o8-853-SELL (7355)