County Road 26, Muleshoe, TX 79347 - Parmer County

Check out this irrigated farm with two center pivot irrigation systems with the potential for 100 acres to be organic certified!

Veritas Real Estate Co is happy to be chosen as the exclusive broker to offer the "Lazbuddie Farm" (320 acres). Irrigated parcels are increasingly hard to find at an affordable price per acre in the South Plains. This attractive offering would be a great addition for producers looking to expand operations or investors seeking an income producing asset with significant depreciable assets.

This parcel serves well for cattle grazing and feeding, winter wheat production, sorghum for silage, milo, and cotton farming. A few key highlights:

-Farm Total: 320 deeded acres

-2 center pivot irrigation systems fed by 5 wells

-220 acres under the pivot

-1 circle (100 acres) have the potential to be certified organic

-Fully Fenced

-Bunk Feeder Space

-Paved CR access and dirt CR access

-3 phase electricity

This farm is offered separately, or in conjunction with another farm just 2.5 miles to the south of it (see website for more details).

LOCATION AND ACCESS:

The property are located in the southeastern part of Parmer County of the Texas High Plains, 20 miles NE of Muleshoe, Texas: (pop: 5,054) the closest town. Clovis, NM (37,902) is 36 miles west of the property. Lubbock, TX (pop: 263,930) is located 80 miles SE of the property which houses an international airport. The farm has paved FM 145 frontage on the northern boundary, CR 26 (dirt) on the western boundary, and CR AA (dirt) on the south boundary.

OVERALL PROPERTY DESCRIPTION:

The land comprises of:

320 acres,

220 acres under the pivots,

100 acres with potential to be organic certified (no chemicals in last 3 years).

2 center pivot irrigation systems

A total of 6 wells, 5 of which feed the center pivots, and one for livestock water

The land is mostly level with minimal contour. The elevation ranges from the highest point of 3925ft to 3830 ft at the lowest. Most of the soils consist of Acuff Loam (0-5% slopes) and Olton Clay Loam (0-1% slopes) on the Lazbuddie Farm. The property has generally been used for cattle grazing, winter wheat production, sorghum for silage, and cotton farming.

IMPROVEMENTS AND IRRIGATION:

The northern most pivot has a 6 tower 2019 Reinke, nozzled at 150 gpm. 2 wells feed this pivot. The southern most pivot of has a 7 tower Valley Pivot, nozzled at 150 GPM, and 3 wells feed this pivot. Additionally, there are: Cattle Pens, bunk/feeder Space, livestock well and trough, and fencing around the property.

ORGANIC POTENTIAL:

The current owner has implemented rotational cattle grazing practices on his farm and has begun transitioning to partial organic. 1 of the 2 circles could be certified organic with the proper paper work. The seller has expressed the willingness to sign an affidavit for the next owner to attest to no synthetic use on these two circles to help facilitate the certification for the new owners. The north circle (100 acres) could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.

MINERALS ENERGY WATER RIGHTS:

All seller owned minerals, if any, will convey upon purchase. The seller is unaware what percentage of minerals are currently owned. The owner believes on the "Lazbuddie Farm" 100% of the wind rights are owned on the north half, and 25% on the south half. All wind rights will convey upon purchase. The Bethel Wind Farm is the closest wind farm and is 9.8 miles away. The owner owns 100% of the water rights which will transfer to the new owner. Additionally, there is a substation located on CR 26.

UTILITIES:

Overhead three-phase electricity available provided by Bailey County Electric Co-op on the property and on the county roads. Please see the interactive map to view where electric lines are located (as indicated by dotted black lines).

BROKER REMARKS PRICING

Irrigated parcels are increasingly harder to find in the South Plains, especially those with the potential to be organic. With just a little bit of paper work, 100 acres could be certified, increasing profitability and even the value of the property. With there being 2 pivots, fencing, wells, there is a great amount of depreciable assets for tax benefits for operators and investors alike.

"Lazbuddie Farm" priced at $2750/acre or $879,950. There is an additional 272 acres to the south which can also be purchased in conjunction with this farm if desired. See our website for more details.

The Seller will consider any reasonable offer, and there may be potential for a leaseback if the new owner is seeking a tenant farmer.

We thank you for you time and for review of these two parcels. If we can answer any questions, you may call or text: