Legal Description: AB 1325, Section 2, Block O-6, Except North/Part of NE/4, 566.71 acres, and AB 1325, North/Part of NE/4, Section 2, Block O-6, 73.29 acres, for a total of 640 acres, more or less, Hale County Texas. Location: Approximately 5 miles north of Halfway Texas on the west side of FM 179, with County Road 50 being the south boundary, and County Road H as the west boundary.
Description: This section of irrigated land has 7 irrigation wells that are producing a total of approximately 750 gallons of water per minute. The wells are all equipped with electric submergible pumps and are in good condition. The Valley Sprinkler System is a 1991 year model, 17 towers, and in good condition. There is a nice barbed wire fence on the north boundary. A 24’x 32’ shop building with concrete floor is near the old home site in the northeast quarter. There is also a Quonset barn constructed with wood frame. The house has previously burned. The sprinkler system is a windshield wipe pattern that covers all the farm except for this triangle/old homesite, and barns. This is a nice section of land just north of Halfway Texas. The corners are currently in grass. Soil types consist of 85.8% Pullman clay loam and Olton loam with 0 to 1% slopes.
The farm is verbally rented to an outstanding tenant for the 2021 crop year. The Buyer will receive the landlord’s share of the 2021 crop. This sale will be sold subject to the lease in place for 2021. More details will become available on the specifics of the lease.
Minerals and Wind Rights: Seller reserves ½ of the mineral interests currently owned and ½ of the wind rights.
Special Note: On this transaction, Street is representing the Seller. Any Buyers agents will need to negotiate all commission fees with Buyer and receive compensation from your Buyer. *The same Seller has listed 4 other farms in this area and will be considering offers on multiple farms and or individual farms.
Tracts 1-4 could be purchased together or in different combinations of Tracts 1-4. Tract 5 consist of 835+/- acres “Home Place “and will be sold separately. Buyers may bid on individual farms, or any combination of tracts 1-4. Seller reserves the right to refuse all offers and free to contract with any Buyer whether their bid is the highest or not. No one is bound until a written contract is signed.