Freels Farm

Freels Farm | Texas
Property Types:
Farm

$272,000 | 320.00 ACRES | AVAILABLE

Rusty Lawson

Overview

  • Price: $272,000
  • Acreage: 320.00
  • ID: 579
  • Location: Floydada, Texas
  • County: Floyd
  • Status: Available
  • Water Rights: Yes
  • Wind Energy Rights: Yes
  • Mineral Rights: No
Property Description

We are proud to have obtained an exclusive listing on 320 acres, more or less, located in the northeast-quadrant of Floyd County, being approximately 9 miles east and 7 miles north of Floydada.

Legal Description:

The South-half (S/2) of Section 74, Block D-3, EL & RR Ry. Co. Survey, Floyd County, Texas.

Description:

According to the Floyd County Farm Service Agency, 333.71 acres of this property are currently enrolled in the Conservation Reserve Program (CRP).  This land is enrolled in two separate contracts, with 133.51 acres enrolled at $15.00 per acre ($2,003) expiring in 2032 and 200.2 acres enrolled at $42.20 ($8,448) expiring in 2022.

The terrain of this property varies from nearly level to gently sloping.  A fairly large playa lake area is located on the west side of the property, basically affecting the west one-third of the farm.  The majority of the Freels Farm slopes gently to this low area.

The primary soil types are Lofton clay loam and Pullman clay loam.

Improvements:

One irrigation well is located on the northeast side of the property.  This well is currently being leased to the neighbor at $1,500 per year.

Minerals/Wind:

No minerals are being offer; however, 100% of the wind will be conveyed.  

Taxes:

+/-$1,000/year

Price:

$850/acre

Remarks:

The Freels Farm is an income producing property located in a good farming area.  In total, this farm has an annual income of $11,951.  If you are in the market for land in the northeastern 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.    

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: 333.10
  • CRP Income: $10451.00
Building Details