Legal: A 377.58 acre tract of land out of Section 7, Block Y, W.D. & F. W. Johnson Subdivision No. 2, Abstract 306, Bailey County, Texas
Location: From Muleshoe Texas, Hwy 84 (stop light), 1.9 miles south on FM 214, then, west on CR 1078 5.2 miles. (Property is on south side of road)
Taxes: TBD
Minerals: Seller will reserve 1/2 (50%) of all oil & gas royalties owned and 1/2 (50%) of future wind energy.
Wells: 3 cased wells, 1 with pump, 2 without pumps. Pumps were removed for tax purposes. Depth unknown at this time. There is a very good possibility of decent water on this property. Adjacent land is being irrigated with sprinkler systems.
Description: Predominately sandy soil, 40 acres coastal Bermuda, lots of Bermuda grass throughout CRP acreage, Underground Tile, Excellent caliche road with good access, several Mule deer, Sandhill Crane, Quail. A few native acres on North side.
CRP:
CRP Acres Enrolled: 361.8
Rental Rate Per Acre: $30.93
Annual Contract Payment: $11,190.00
Contract Expiration Date: 9/30/2012
Remaining CRP Payments: $44,760.00
2009 CRP payment will be pro-rated.
Listing Price: $495 per acre
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