180± Acres Bailey County

180± Acres, Bailey County, Texas

NEW LISTING!

We are pleased to present this dryland farm located in Bailey County, Texas. The property consists of a single tract, farmed conventionally, offering a straightforward production opportunity for the next owner.

Location:
Situated 6 miles north of Needmore and 2 miles east of FM 214, this farm offers convenient access just a half mile north of County Road 746, approximately 10 miles from Muleshoe.

Land:
The majority of the farm - approximately 83% - is made up of Amarillo loamy fine sand, 0 to 3 percent slopes, with Amarillo fine sandy loam, 0 to 1 percent slopes making up an additional 16.31%. These soils are well suited for dryland crop production.

Soil/Fertility - Section 180 Consideration:
Portions of the purchase price attributable to residual soil fertility may qualify for amortization under IRC Section 180 (subject to buyer verification). Buyers should consult their CPA or tax advisor regarding allocation and eligibility.

Farming/Government Programs:
The farm is currently in conventional cotton production. Farm program participation, if applicable, can be further explored by prospective buyers.

Minerals:
No minerals are available with this sale.

Price:
This farm is now being offered at $270,000 ($1,500 per acre).

Notes: Buyer is encouraged to conduct their own due diligence prior to purchasing. All info listed above is according to the best knowledge of the seller and other relevant sources. The TX Real Estate Group will not be held liable for any information found to be inaccurate during or after closing the buying process. All buyers agents must be identified on first contact and accompany buyers on all showings in order to be given full participation fee. If these requirements are not met, participation fee will be at the sole discretion of the TX Real Estate Group.