This column is part of a regular weekly series highlighting the largest land sales recorded each week through the Lands of America Comparable Sales program. To learn more and participate in the program, or to subscribe, click here.
Congratulations to Brock Thompson with Tru Land Realty Group, Keller Williams, who sold the 7,276-acre Nortex Feedlot in Dallam County, Texas. This sale occurred on April 25, 2017, and was submitted through the Lands of America Comparable Sales Program.
The sprawling property offers 7,276+/- total acres and a 41,000-head commercial feedyard located on the northern High Plains of Texas. The feedyard is situated in close proximity to several major beef packers and feed grains are readily accessible. The farm’s acreage includes 41 irrigated circles designed for outside rotational grazing.
Dallam County is a large but sparsely-populated rural county located close to the point where the Texas panhandle converges with the Oklahoma panhandle and the northeastern corner of New Mexico. The High Plains area is an important agricultural region for the entire state, ranking among the top ten counties in terms of beef production and top three for hogs and pig farming. The combined agricultural output of all 26 counties within the Texas High Plains Trade Area would place it among the top producers in the nation for beef and various crops if they were a state.
Land and Property Sales Summary: April 17-23, 2017
For the week ending April 23, 2017, there were 410 properties listed as sold in the Lands of America Comparable Sales program, representing a total of $86 million in sales value and 19,175 acres. The most expensive sold property was an upscale Hill Country retreat to the west of Austin, while the largest reported sold acreage was a 625-acre cattle operation in Kansas.
Land buyers can access Lands of America’s comprehensive database of historic sales information by purchasing a LandsInsight account ($199/year), while platinum and basic sellers receive complimentary access through the Land.com Network’s Property Control Center. Click here for more information about participating in the Comparable Sales program.