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Legal Description: Survey AJ Sharp, AB 1459, Crosby County Texas, and Survey AJ Sharp, Floyd County Texas, containing 162.76 acres more or less in Crosby and Floyd Counties Texas.
Location: From the intersection of FM 651 and FM 193, 4.8 miles east on FM 193 to CR 223, then north on CR 223 one mile, then east on CR 116 one mile, then north on CR 227 one mile and arrive at south central part of property.
Description: This is a good clean farm located in an area with good irrigation potential. There are currently no improvements that convey with the land. There are two pivot pads. Electricity is available. Several farms in this area have good water and sprinkler systems. This property is located in both Crosby and Floyd County with 119 acres in Crosby, and 41 acres in Floyd County. There is currently a tenant in place for the 2010 crop year. The tenant owns the Reinke 6 tower towable pivot sprinkler system. There are no wells on the property. The water is being pumped from another farm across the road. The current crop share agreement is 75%-25% for cotton, and 66.67%-33.33% for wheat.
USDA-FSA Information:
Farm #1724 ~ Cotton Base 122.7, Cotton Direct Yield 480#, CC Yield 597#
Wheat Base 4.5, Wheat Direct Yield 18, CC Yield 11
Direct Annual Payment: $3,307.00
Price: $118,000.00
Click here for Map of Quarter Section.
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