Coffman Farm

Coffman Farm | Texas
Property Types:
Farm,
Land for Sale

$276,800 | 320.00 ACRES | SOLD

Overview

  • Price: $276,800
  • Acreage: 320.00
  • ID: 578
  • Location: Lockney, Texas
  • County: Floyd
  • Status: Sold
  • Water Rights: Yes
  • Wind Energy Rights: Yes
  • Mineral Rights: Yes - 50% Owned
Property Description

We are proud to have obtained an exclusive listing on 320 acres, more or less, located in the west-central portion of Floyd County, being approximately 2 miles south and 1 mile east of Lockney, Texas.    

Legal Description:

The South-half (S/2) of Section 68, Block G, GO Tuttle Survey, Floyd County, Texas, containing 320 acres, more or less.

Description:

The majority of the Coffman Farm is currently enrolled in the Conservation Reserve Program (CRP), with the entire property being in a good stand of mixed grasses.  277.7 acres are currently enrolled in the CRP, paying $11,650 ($41.95/ac.) per year with the last payment of this contract being in September of 2022.

The terrain of this property is basically level; however, there are two shallow playa lake areas located on the southwest side and the southeast side of the farm.  The floor of both low areas is that portion of the property not enrolled in the CRP.  Slopes across the farm only range from 0-1%, so the slope to the low areas is minimal.

The primary soil type is Pullman clay loam, 0-1% slopes.

Improvements:

Multiple irrigation wells are developed on the property.  These wells have not been used in many years and their current condition is unknown.  There are no structural improvements located on the property.

Minerals/Wind:

One-half of the minerals owned and One-half of the wind royalty rights will be conveyed.

Taxes: 

+/-$1,230/year

Price: 

$865/acre

Remarks:

The Coffman Farm is an income producing property located in a good farming area.  If you are in the market for a farm in the western portion of Floyd County, this offering could certainly be what you are looking for.  Please call Rusty Lawson at (806) 778-2826 for more information.

Profile picture for user rustylawson

Rusty Lawson

Property Summary

Activities & Amenities
  • Electricity
    Income Producing
    Water Rights
    Water Well
Land Details
  • Total Acres: 320.00
  • Topography: Flat
  • Estimated Taxes: +/- $1,230
  • Wind Energy Rights: Yes
  • CRP Acres: 277.70
  • CRP Income: $11650.00
Building Details