170.85+/- Acres in SE Lamb County 25 minutes from Lubbock, Texas

DESCRIPTION: 170.85+/- Acres w/ Drip Irrigation
in SE Lamb County. This generally flat farm is situated on FM 1072 (Fieldton Pavement)
north of US HWY 84 approximately 2.2 miles. 
This farm has excellent accessibility from the West off the pavement and
a maintained county road (CR 322) down the southern boundary.  This farm has approximately 50 acres of drip
Irrigation that is supplied water by 4 wells equipped with submersible pumps.  The rest of the acreage is being used for
farming and grazing and is suitable for either use.  This farm is about 25 minutes from Lubbock
city limits and about 35 minutes from Lubbock Preston Smith International
Airport.  With good accessibility and
soils suited for most agricultural practices common to the area, this is a
property that deserves a closer look.

LEGAL DESCRIPTION: The Southwest Quarter (SW/4) of Section Three (3), Block One (1),
R.M. Thomson Survey, Abstract No. 65, Patent No. 365, Vol. 5, dated 6-18-1883,
as shown by plat of Ellwood Farms recorded in Volume 17, Page 405, Deed Records
of Lamb County, Texas; containing 170.85 acres of land, more or less.

TOPOGRAPHY: Farm is generally flat but does have slight slope to the South with
slightly higher elevation in the Northeast corner.

IMPROVEMENTS: The farm is equipped with 4 irrigation wells that have been equipped
with submersible pumps.  This tract has
50 acres of drip irrigation that was installed in 2018.  The drip tape has 40” spacing with 21 zones.  Owner estimates the wells to be pumping
between 200 to 220 gpm.

WATER FEATURES:  There are not natural water features on the property.

FENCING: There is
no permanent fencing on the property a portion of the property is currently
temporarily fenced with electric fencing and it will be removed prior to
closing.                                   

WILDLIFE, HUNTING AND RECREATION: This property is in an area that has the potential for dove, quail
and possibly mule deer depending on farming/ranching practice.  There are several tracts of CRP and grass in
the area, along with land irrigated and dryland farmland that is being used for
cotton, small grains, wheat and other forage production such as haygrazer.

SOIL: Soil on
the farm is fairly consistent and primarily consist of Portales loam, 0 to 1
percent slopes, and Acuff loam, 0 to 1 percent slopes.  Both of these soils should be well suited to
intensive grazing and intensive farming with irrigation or moderate farming as
a non-irrigated practice.

USDA INFO:  Farm is currently in USDA PLC, See FSA 156-EZ for details.

TAXES: 2025 Taxes
w/exemption ($568.30)

RESERVATIONS: Owner is not sure of current mineral interest but would like to
reserve ½ of existing interest in minerals. 
Owner would like to reserve ½ of existing commercial solar royalty
rights but will convey commercial solar executive rights.  Owner would like to reserve ½ of existing
commercial wind royalty rights but will convey executive commercial wind
rights.

EASEMENTS: The sale of
the property is subject to any and all easements filed of record.

FURTHER REPRESENTATIONS: All information provided is believed to be
accurate; however, no liability for its accuracy, errors or omissions is
assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers
should verify the information to their satisfaction. Information is subject to
change without notice.  Real estate is being sold “As-Is,
Where-Is” with NO warranties expressed or implied.

COMMENTS:  Call or text Monty Edwards for more information at 806-786-5426.