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Location: From the intersection of FM 2301 and FM 2286 (Spann Road), 2 miles North on 2286, then 1-1/2 miles East on County Road to SW corner of property. Property lies ½ mile east and 1 mile north of this point.
Legal Description: E/2, Section 102, Block D-2, Frank Smith, Floyd County Texas, containing 320 acres more or less.
Description: This is a nice ½ section of expired CRP land located in NE Floyd County. There are 2 irrigation wells on the property that have not been used in several years. The pumps and gear heads are still in place. There is also a domestic well in the SE corner of the property. The grass cover is in excellent condition. This property would be excellent for running cattle or a combination of cattle and crops. The North portion of the land lies pretty good. It could be all or partially broken out and farmed dry land. There is a playa lake bottom on the South portion.
USDA-FSA Information: Wheat Base 162.4, Yield 21; Cotton Base 118.2, Yield 239. Projected Direct Payment $3,047.00. Projected Maximum Counter Cyclical Payment on Cotton $3,022.00
Taxes: (2009) $1,015.00
Price: $575/acre
Minerals and Wind: Seller owns only a small portion of the oil and gas minerals. Seller will reserve all of the oil and gas minerals currently owned. Seller will reserve a non-participating 50% royalty interest in regards to the wind energy/rights.
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