Lamb Co TX 339 +/- Acre Online Auction

PROPERTY DESCRIPTION

This ONLINE BIDDING ONLY Auction will be for two tracts in Lamb Co. TX. Tract 1 has 165 +/- acres and Tract 2 has 174 +/- acres. Both tracts have approximately 40 acres of drip irrigation, some CRP land, and the remainder is dryland. Bidding begins at 8:00 am on Tuesday, June 14, 2022, and will soft close at 12:00 noon on Thursday, June 16, 2022. The Auction will close after 12:00 pm when we have a 5-minute interval with no new bid. There will be an Auction Information Meeting on Wednesday, June 8th at 1:30 pm at the Clift Land Brokers Littlefield Branch Office 213 Marshall Howard Blvd, Littlefield, TX.

Tract 1: 164.87 +/- acre tract that has 40.7 +/- acres of drip irrigation, 18.79 acres of CRP, and the remainder of the farm is dryland cultivation. The CRP pays $714.00 per year and expires in 2030. The drip system is approximately 10 years old and is on 80-inch centers. Irrigation water is proved by one 7.5 hp submersible well that pumps approximately 40 gpm according to the tenant. The drip system has an EC3 Controller that is owned by the tenant and can be purchased for $13,000 at closing. If the Buyer elects not to purchase the controller, a plain Netafim controller will be placed back in its place. A cash lease is in place for the 2022 crop year. This property is accessed by turning west a half-mile on CR 202 from U.S. Highway 385. There are county roads on the south and east side.

Tract 2: 173.9 +/- acre tract has 42.2 +/- acres of drip irrigation, 19.51 acres of CRP, the two north corners in expired CRP, and the remainder of the circle is in dryland cultivation. The CRP pays $741.00 per year and expires in 2030. The drip system is approximately 10 years old and is on 80-inch centers. Irrigation water is proved by three submersibles wells, ranging in size from a 5 hp, 7.5 hp, and a 10hp pump, that produce a combined 160 gpm according to the tenant. The drip system has an EC3 Controller that is owned by the tenant and can be purchased for $13,000 at closing. If the Buyer elects not to purchase the controller, a plain Netafim controller will be placed back in its place. A cash lease is in place for the 2022 crop year. This property is accessed by U.S Highway 385. There is a county road on the north and west sides, and a highway on the east side.

INTERACTIVE BROCHURE

 

PROPERTY LOCATION

From W. Delano Ave & US 385 in Littlefield, TX, go north on US 385 approx. 8 miles to the northeast corner of Tract 2.

Latitude: 34.042372 / Longitude: -102.375433

PROPERTY INFORMATION

Total Acres: 339
Irrigated Acres: 83
Grass Acres: 218
CRP Acres: 38
CRP Payments: $1,455
CRP Expiration: 2030
Reservations:

PROPERTY MAPS

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