174.5+/- Acre Farm with Drip Irrigation in Lamb County, Texas

Description

DESCRIPTION: 174.5+/- acre farm in Lamb County, Texas, just
north of Amherst. This is a good flat farm with 30 acres of drip
irrigation that was installed in August
of 2022. The drip tract has 16 zones and
is on 60” inch spacings. There are 3
wells that supply the drip system with water that are equipped with submersible
pumps and the owner is currently irrigating corn planted on drip, running one
station at a time. The remainder of the
farm is mostly flat and good soil for non-irrigated farming and/or could be
well suited for permanent grass for either haying or grazing. Farm is readily accessible by CR 212 on the
north side and CR 155 on the east side of the property. This tract is located centrally in Lamb
County, Texas which has a diverse agricultural economy ranging from row crop cotton,
corn, milo, and wheat along with a growing number of operations running cattle
and cow/calf pairs along with a significant dairy industry in the region that sometimes
purchase hay or feed grown from neighboring producers. There is a residential tract on the SE corner
of the labor that is not owned by owner and will not convey.

LEGAL DESCRIPTION: Labor Twenty (20), Legue 647, State Capitol Lands, Lamb County, Texas

Save and Except,

BEING a 2.50 Acres Tract of land situated in Labor 20, League 647,
State Capitol Lands, Lamb County, Texas and being further described by metes
and bounds as follows:

BEGINNING at a 1/2 Inch Iron Rod Found for the Southeast Corner of
this tract and same being the Southeast Corner of said Labor 20;

THENCE N.88°07’03″W. 329.95 feet along the South line of said
Labor 20 to a 1/2 Inch Iron Rod with Cap marked “CEC 10194378” Set
for the Southwest Corner of this Tract, from which a 1/4 Inch Iron Rod found
for the Southwest Corner of said Labor 20 bears N.88°07’03″W. 2448.19
feet;

THENCE N.2°47’27″E. 329.95 feet parallel with the East line of
said Labor 20 to a 1/2 Inch Iron Rod with Cap marked “CEC 10194378”
Set for the Northwest Corner of this Tract;

THENCE S.88°07’03″E. 329.95 feet parallel with the South line of
said Labor 20 to a 1/2 Iron Rod with Cap marked “CEC 101943 78” Set
for the Northeast Corner of this Tract, from which a 1/2 Inch Iron Pipe Found
for the Northeast Corner of said Labor 20 bears N.2°47’11 “E. 2446.09
feet;

THENCE S.2°47’27″W. 329.95 feet along the East line of said Labor
20 to the POINT OF BEGINNING and containing 2.50 Acres of land, more or less.

TOPOGRAPHY: Farm is fairly flat with one low lying playa are in the NNE part of
the farm. There is about 10’ ft of drop
from the west end of the farm to the east end.

IMPROVEMENTS: 30 acres of drip
irrigation that was installed in August
of 2022. The drip tract has 16 zones and
is on 60” inch spacings. There are 3
wells that supply the drip with water that are equipped with submersible pumps,
and the owner is currently irrigating corn planted on drip, running one station
at a time.

WATER FEATURES: There are no water features on the property other than two
small low-lying areas that can catch water during heavy rains.

FENCING: There is
no permanent fencing on the property

WILDLIFE, HUNTING AND RECREATION: The area is known to have migratory hunting such as dove, crane, and
geese, depending on crops grown, farm could also support establishment of
habitat for quail. There is occasional
mule deer that may cross the property especially if planted to summer grain
sorghum or winter wheat.

SOIL: Farm is
primarily comprised of Olton loam, 0 to 1 percent slopes, tract also has
moderate amounts of Amarillo fine sandy loam, 0 to 1 percents slopes and Amarillo
fine sandy loam, 1 to 3 percent slopes, with approximately 5% of the farm
comprised of Zita fine sandy loam and two low lying areas that account for just
under 8% of the tract comprised of Randall clay, 0 to 1 percent slopes,
occasionally ponded. Soil Capability
ratings are good for this area.

USDA INFO: Farm is
currently enrolled in the USDA Farm Program and has 172.6 Acres of DCP Cropland
with 51.40 acres of Corn Base and 119.50 acres of Seed Cotton Base.

TAXES: With
current exemptions and discounts – (2024) $2,328.15

RESERVATIONS: Owner is unsure of current mineral interest but would like to reserve
½ of existing interest in minerals including right to ingress/egress. Owner would like to reserve ½ commercial wind
royalty rights and ½ commercial solar royalty rights but does not intend to
reserve executive rights for wind and solar.

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. There are no warranties either expressed or
implied pertaining to this property. 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