Tulia, TXSwisher County

Legal Description: SE/Part, Section 132, Block M-10, Swisher County Texas, containing 199.8 acres more or less, and, E/Part, Section 2, Block HP Jones, Swisher County Texas, containing 74.5 acres more or less, and, SW/Corner of NW/4, Section 131, Block M-10, Swisher County Texas, containing 5.1 acres more or less, for a total of 279.4 acres in Swisher County Texas.

Location: 10 miles east of Tulia Texas on FM 1318.

Description: This property has easy access with FM 1318 on the south boundary and FM 2301 on the east boundary. The grass is in excellent condition. It was previously in the CRP program and expired in 2009. There is also a 1400 SF house with garage on the property. The house is currently rented and providing some income. There are several wells on the property, as well as underground tile, cattle corrals, livestock shed, and tail water pit. This farm will make a good combination for cattle and crops. With all the improvements on the property, it would provide ample savings using the depreciation benefits. Bases include: Upland Cotton Base 78.5*Yield 426, Grain Sorghum Base 35.7, Yield 79, Wheat Base 70.3, Yield 32

The annual direct payment is $3,764.00.

Note: More information coming soon on the wells.

Taxes: $1,127.58 (2009)

Minerals and Wind: Seller reserves ½ of the mineral estate currently owned, and ½ royalty interest in the wind energy.

Price: $575/acre, or $160,655

Street Real Estate * Johnny Street * 806-847-7400

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