640± Acres Yoakum County

We are pleased to present this productive irrigated farm located in Yoakum County, Texas. The property consists of two contiguous tracts, farmed conventionally, offering a straightforward production opportunity for the next owner.

Location:

Situated 9 miles east of Plains and 20 miles west of Brownfield, this farm offers convenient access directly off Highway 82.

Land:

The vast majority of the farm - 90%+ - is made up of Patricia and Amarillo fine sandy loams, with small quantities of Arvana fine sand also present. These soils are well-suited for irrigated row crops and sustainable farm management.

Water:

The property is equipped with 10 wells ranging from 140-160 feet deep. Collectively, the wells produced approximately 600 gallons per minute at the beginning of the growing season, holding steady at around 600 gallons per minute by year's end - providing consistent irrigation across the acreage.

Improvements:

Four center pivots are in place, installed approximately 7 years ago, continuing to provide reliable water application for 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 well-suited for the crops commonly grown in the area, including peanuts, milo, and cotton. 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 $2,080,000 ($3,250 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.