Lamb County CRP 203.8 Acres

Location: From Littlefield Texas, West on Hwy 54 to FM 303, then South on FM 303 approximately 5.3 miles to Caliche CR 352, then 1.5 miles West on CR 352 to NE corner of property.

Description: This property has an excellent stand of grass. It would be good investment property that would be very low maintenance. The land has a gentle to moderate slope. There is a concrete structure in the NE corner of the property. This building needs roof work, but is otherwise sound. There is very good access with CR 352 on the North, and CR 53 on the West. This CR 352 has a caliche base that should enable easy access when raining or during wet conditions. There is electricity and a domestic well, condition unknown at this time. Possible Seller Financing available. Good Farmland joins this tract on the East. This property may be purchased alone, or with another 177.1 acre tract of CRP directly NW priced at $550/acre with 4-5 wells.

CRP Information: FSN 1655* Tract 2603
Acres Enrolled: 187.0
Rental Rate Per Acre: $ 36.00
Annual Payment: $ 6,732.00
Expiration Date: 9/30/2014
Total CRP Remaining Payments: $ 40,392.00

Minerals: None, All Previously Reserved, Surface Only

Wind Rights: ½ of the Wind Rights have been previously reserved. Buyer will receive Seller’s ½ currently owned.

Price: $475.00 per acre