355.1 +/- Acre Tract in Lamb County, Texas

Description

DESCRIPTION: This CRP Property is comprised of 2 Tracts in Southeastern Bailey County and
Southwestern Lamb County has gentle to moderate slope and generally has a good stand of improved grass.
With good accessibility and soils that are capable of moderate farming
and good grazing, this two tract offering would make a great
property for hunting possibilities and possibly running cattle. Currently the most of the land that is located in Lamb County is in the Conservation Reserve Program providing annual income. With this area being in an area with a natural
basin, it should have the capability to hold game native to the area.

LEGAL DESCRIPTION: A362 Deaf Smith CSL, League 209, Labor 12 88 Acres Bailey County,
A0700 Deaf Smith SCL, League 209, Labor 12, Acres 90.0 Lamb County, A0700 Deaf
Smith CSL, League 209, Labor 11, Acres 177.1 Lamb County.

TOPOGRAPHY: East Tract is highest in the Northeast portion of the property with
the farm having gentle to more gradual slope to the South and Southwest portion
of the property.

West Tract is relatively flat on north 1/3 of property with gradual
slope to the south and center of the tract toward large playa area located in
the south central area of the tract. The
east and west lower 2/3 sides of the property slope to the playa lake in the south
central part of the property as well.

IMPROVEMENTS: There are no substantial improvements on this property other than one
old irrigation well site that has not been used in years. There are two wind turbines on the east
tract.

WATER FEATURES: There are a couple of low lying areas that can stand in water
and flood during extremely large rainfall.

FENCING: There is
currently no permanent fencing on this property

WILDLIFE, HUNTING AND RECREATION: . The area has diverse
wildlife with Mule deer, White Tail deer, quail, and dove not to mention
seasonal potential for geese and sandhill crane.

SOIL:
East Tract is primarily composed of Amarillo loamy fine sand, 0 to 3 percent
slopes, Amarillo fine sandy loam, 0 to 1 percent slopes, Midessa fine sandy
loam, 1 to 3 percent slopes, Amarillo fine sandy loam, 1 to 3 percent slopes, Olton
loam, 0 to 1 percent slopes, smaller areas of Berda fine sandy loam, 3 to 5
percent slopes, Randall fine sandy loam, 0 to 1 percent slopes, overwash,
occasionally ponded, Drake soils, 3 to 5 percent slopes, Zita fine sandy loam,
1 to 3 percent slopes, Amarillo fine sandy loam, 3 to 5 percent slopes.

West Tract is primarily composed of Amarillo fine sandy loam, 1 to 3
percent slopes, Amarillo loamy fine sand, 0 to 3 percent slopes, Zita fine
sandy loam, 1 to 3 percent slopes, Midessa fine sandy loam, 1 to 3 percent
slopes, Amarillo fine sandy loam, 3 to 5 percent slopes, smaller areas of Randall
clay, 0 to 1 percent slopes, occasionally ponded, and Mansker fine sandy loam,
3 to 5 percent slopes.

USDA INFO: : Lamb County portion of the Farm is currently in USDA
Conservation Reserve Program (CRP) through September 30, 2030. There are 261.82 acres in the CRP Contract
and the annual payment is $9,949.00. The
farm has Wheat Base of 82.26 acres and additional 262.96 of Wheat base
currently designated under CCC-505 CRP Reduction. FSA-156 and FSA-CLU available for serious
inquiries.

TAXES: 996.82
(2024 w/exemptions)

RESERVATIONS: Owner is unsure of current mineral interest but would like to reserve
½ of existing interest in minerals. Owner
will retain all commercial wind royalties and Turbine rental payments

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.