This is a flat tract of CRP land outside of Muleshoe. The CRP pays $5,434 per year and expires in 2022. Besides the CRP income, the property is leased out annually for deer hunting. The deer lease brings in an additional $3,000 per year. With these two income streams there is a net return of 6.4%. The Seller will reserve 50% of the commercial wind generation royalty interest.
East of Muleshoe on Hwy. 70 for seven miles, then south on County Road 235 for 1.5 miles to the NW corner of the property.
Latitude: 34.20966 / Longitude: -102.629165
Total Acres: 146
CRP Acres: 144
CRP Payments: $5,434
CRP Expiration: 2022