South Plains, TX 79258 - Floyd County

Floyd County Combination CRP and Dryland Farmland*317 Acres

Just North of South Plains TX*Highway 207 Frontage*

Legal Description: SW/4, Survey 20, Block D-1, U S Crum, containing 157 acres more or less, and the SE/4, Survey 20, Block D-1, J W Lile, containing 160 acres more or less, for a total of 317 acres, more or less, all situated in Floyd County Texas.

Description: This is a nice combination property with 150.10 acres enrolled in the USDA CRP program through 9/30/2023. The annual payment is $6,181.00. The rental rate per acre is one of the higher you will see in this area at $41.18. The CRP grass is located on the north and east part of the property. The farmland is located on the south part of the property with 159.65 acres in cultivation. Cotton, grain sorghum, wheat, and cattle forages are the most common crops grown in this area. This property will be an ideal combination place for cattle and farming after the CRP program expires. Excellent access is provided by highway 207 on the west boundary, and County Road 80 on the south boundary. There is currently cotton planted for 2017. A good tenant farmer is currently leasing the land through the first of the year. See attached maps from USDA and other information on bases/yields and CRP payments. A small draw runs across the northeast portion that could create some hunting opportunities. Quail, pheasant, dove, and other wildlife should be available for hunting along this draw and in the grass.

Minerals and Wind Rights: To be determined. There are no Seller reservations. All owned mineral and wind rights will convey to a Buyer.

Price: $261,525.00

Taxes: $875.97 (2017 base amount including all entities)