Price $6,300,000. 4,700 m/l acres, Dallam County Texas Irrigated Cropland Location: This Irrigated Cropland is Located Northwest of Dalhart, Texas. Description: 4,700 acres of which 2,750 wet acres (irrigated cropland), 750 acres of improved pasture and 1,200 acres native pasture. Wheat is the primary crop. Agricultural lease offers opportunities favorable to investors. Lease: 3,450 acres is cash rented at $150,000 a year on a 1 year term. 1,280 acres is a Crop Share Lease where Lessee pays Landlord one-half of all crops produced from the property and also one-half of all other farm income pertaining to the property. 60% of rent represents rent of irrigation equipment and remaining 40% of the rent represents rent of the land. Landlord pays for repairs to pumps and all other improvements below surface ground. Lessee pays for repairs to the sprinkler, motor and all other improvements above ground. Each party participates in marketing of the crops. Government Farm payments received annually approximates to $68,000 DCP and $16,000 a year CSP (descending) Irrigation and Water Sources: See detailed equipment list at the bottom of this page. Includes 22 irrigation sprinklers, wells, gear heads and gensets. Majority of wells have been tested reflecting good GPM ranging from 225 to 410 GPM. Sprinklers and wells in good condition. Good potential for additional water wells being placed in this area with strong GPM. Structures: 3000 SF modular home with attached garage and a 50 x 100 shop building (Morton type) head, drive lines and cooling coils. Utilities include water well, septic system and electric (Rita Blanca Elec Co-op). Soils: Soil survey for the Dallam County area and subject property reflects well drained, moderately permeable soils formed in loamy Eolian Sediments. These soils are on nearly level to slightly sloping terrain. Minerals: Some exist, any owned by current owner will convey at time of sell. Hunting: Excellent deer and pheasant hunting in this area (crop and pasture land mix). No Pipelines or other Easements known to date. Conclusion: This farm is close to Dalhart, Texas and local Agri-business structure. Irrigated farmland produces a substantial annual income through the crop lease and is a great investment in today's market. As a buyer you would receive annual crop lease payments, government payment programs, and possible appreciation of the property over time. As a new buyer you could receive a tax benefit from depreciable assets. Information is taken from sources believed reliable; however, no guarantee is made by the real estate company. Equipment List is Broken by Farm Sections of the 4,700 Acre Farm HL FARM EQUIPMENT LIST 1 – 2003 Zimmatic 8 Tower SN L82123 1 – 2003 Zimmatic 8 Tower SN L82143 1 – 1990 Valley 7 Tower SN n/a 1-1990 Valley 7 Tower SN L52708 1-1994 Zimmatic 7 Tower SN L49801 1-1994 Zimmatic 7 Tower SN L49758 1-1990 Valley 7 Tower SN L52718 1-1994 Zimmatic 7 Tower SN L49754 1-1990 Valley 7 Tower SN 57670 1-1990 Valley 7 Tower SN 59587 1-1990 Valley 7 Tower SN n/a 1-1989 Zimmatic 7 Tower SN L12463 1-1990 Zimmatic 7 Tower SN L20773 Mod 800 Moline Engines 2- 2008 454 Chevy Engines 1-2010 454 Chevy Engine 1- 4.3L Chevrolet Engine 7-Gearheads 7-Drive lines and Cooling Coils 3-Varispeed Elec Control Panels 1-Daewood Generator Set 1-Perkins Generator Set 1-8000 gal Diesel Tank 1-1500 gal Diesel Tank 1 Livestock Corral with Misc Equipment and Water Troughs NK 320 FARM EQUIPMENT LIST 1-1/4 mile Lockwood Sprinkler SN LA6403 1-1/4 mile Lockwood Sprinkler SN n/a 1-350 GM V-8 F37109 13205762 1-350 GM V-8 57109 204793 1-350 GM V-8 57109 204783 1-Amarillo Gear Head Model SH150A SN 277448 1-Amarillo Gear Head Model 2BL SN 28953 1-Amarillo Gear Head Model SH150 SN 113089 1-Lima Mac Generator Model 280 MDL0054 SN LM-431184-0307 1-Lima Mac Generator Model 280 MDL0054 SN LM-432765-0807 OS 640 FARM EQUIPMENT LIST 1-Reinke Electrogator Sprinkler SN 384-1398 1-Reinke Electrogator Sprinkler SN 584-1614 1-Reinke Electrogator Sprinkler SN 384-1395 1-Reinke Electrogator Sprinkler SN 584-1609 3-454 Chevy Engine SN n/a 1-Amarillo Gear Head S125-139346 1-Amarillo Gear Head S125-13950 1-Amarillo Gear Head S150-110479 1-Generator SN n/a 1-Generator SN 52582 Information is taken from sources believed reliable; however, no guarantee is made by the real estate company.

Level to slightly rolling

Owner owns a portion (to be determined at closing) and will convey with purchase

Deer, pheasant and waterfowl

Agriculture Lease income with Crop share, land lease and Government payment programs.

Over 22 wells for irrigation

Paved Road

Electric, Gas, septic, local telephone service

Steve Williams Hunting Country Real Estate 830-431-1525 - view all properties from this agent