Plainview, TX 79072 - Hale County

Hale County TX* 320 Acres* Irrigated Farm

4 Wells*135.26 Acres Drip*

Legal Description: West/2, Section 7, Block JK-3, Abstract 60, Hale County Texas.

Description: This is a very nice half section of irrigated farmland located in the northeastern quadrant of Hale County. Excellent access is provided by County Road U on the west boundary, County Road 40 on the north boundary, and County Road 50 on the south boundary. There are 4 irrigation wells that are producing approximately 470 gallons of water per minute. The northeast well is 312 deep, equipped with a 40-horsepower electric submergible pump, and has never been constricted. The other wells are 280-290 deep and equipped with 10 and 15 horsepower electric sub pumps. The pumps are in good condition. Soils include Pullman and Olton clay loam with 0-1% slopes compromising 91.2% of the soils. There are 135.26 acres of drip irrigation installed in 2023. The drip system has a nice, protected filtration area. Drip Information: *52 zones*2.60 acres per zone*82 gpm per zone*Run 6 zones concurrently*Applies .171 every 24 hours across all acres*The drip tape is on 30 spacing with 20 emitters*

One-Quarter mile runs*With this spacing, a crop could be planted either direction or on any row spacing. This farm has an abundance of depreciable assets, including wells, drip system, and almost 3 miles of 12 plastic underground tile. There are approximately 43+/- acres enrolled in a USDA program that must remain in this program for 4 more years, or until this program expires. More information is available on my website.

Price: REDUCED: $1,064,000.00

Other: There are no reservations. The seller states no mineral interests are currently owned. Buyer receives all wind rights currently owned.

Final Note: Seller is currently farming this land and would like to continue as tenant. This could be a standard 25%-75% crop share lease, a cash lease, or he would consider custom farming it for a Buyer.