Located approximately 9 miles north and 3 miles east of San Jon, NM. This 271+/- acres of CRP property offers an excellent investment opportunity with an established contract paying $23.69 per acre. The property provides reliable annual income along with the long-term benefits of land ownership in eastern New Mexico. Ideal for investors, neighboring operators, or those looking to expand their land portfolio.
UNDER CONTRACT Very clean dryland cultivated farm currently being operated in a thirds crop rotation. Good perimeter fence on the north and west sides. Three phase electricity on the east side. Three unused irrigation wells are present. One of the irrigation wells is a monitoring well for the High Plains Underground Water Conservation District and has a 2026 water level reading of 50.39′ of saturated thickness and total depth of 249′.
Property Highlights 1,313.13± Total Acres Located in Hale County in the Petersburg area Frontage on FM 37 and approximately 1 mile from FM 54 464.35± Acres of Grassland 843.5 ± Acres in CRP (3 Contracts Expiring in 2030) Annual CRP Income: $29,166 Annual Wind Turbine Location Payment: $4,500 Grazing and Haying Flexibility Under CRP Guidelines Predominant Soil: Pullman Clay Loam 31 Permitted Irrigation Wells 24 Wells on the Large Tract 7 Wells on the Half Section Wells Approximately 200–280 Feet Deep 4 Equipped Wells Producing ~375 GPM Combined Electricity Available Throughout the Property Strong Potential for Pivot or Drip Irrigation …