Lehman Ranch West

Lehman Ranch West | Texas
Property Types:
Hunting Land for Sale,
Land for Sale,
Ranches for Sale,
Recreational Land

$3,475,000 | 5,000.00 ACRES | SOLD


  • Price: $3,475,000
  • Acreage: 5,000.00
  • ID: 762
  • Location: Morton, Texas
  • County: Cochran
  • Status: Sold
  • Water Rights: Yes
  • Wind Energy Rights: Yes
  • Mineral Rights: No
Property Description

  We are proud to have obtained an exclusive listing on the Lehman Ranch West. This is an outstanding working livestock/recreational ranch located in mule deer country of western Cochran County.


  The Lehman Ranch West is located in the South Plains Region of the Texas Panhandle in western Cochran County. The ranch is situated approximately 14 miles southwest of Morton, Texas and approximately 60 miles west of Lubbock. The community of Lehman is 10 miles northeast of the northeast corner of the ranch. The ranch has good access and road frontage being divided by County Road 41.


  The Lehman Ranch West includes 5,000± deeded acres.  Of this total, 3,860± acres is native pasture. The balance of 1,140.49 acres was recently enrolled in the Conservation Reserve Program (CRP). This new CRP contract began on October 1, 2022, and runs for 10 years, expiring on September 30, 2032. The contract includes an annual payment of $42.05 per acre or $47,958 per year. This CRP contract is a tremendous asset to the overall ranch, providing a steady source of cash flow for the next 10 years.


  The Lehman Ranch West has a level to undulating terrain. This tract is a combination of rolling sandy shinnery country with tighter soils in the CRP country. This tract is cross fenced into two main pastures. Grass cover is dominated by bluestem and is productive from a livestock grazing standpoint. The 1,140 acres of CRP are found in the southern portion of the southwest block. The CRP acreage is all contiguous.


  This area of the ranch is excellent mule deer country. Cochran County had 7 mule deer qualify for the Texas Big Game Awards Registry from 2017 to 2020. The county also had 4 pronghorn antelope qualify during the same time period.


  The Lehman Ranch West is well watered. Livestock water is provided by two wells. There is an extensive network of waterlines to numerous drinking troughs positioned throughout the ranch. Water quality is reported to be good.


  This offering and ultimate sale will have no reservations as to minerals or renewable energy rights. There is scattered oil and gas production. The minerals were reserved by prior ownerships. The Lehman Ranch adjoins the Abilene Christian University-Masten Ranch, which includes the producing 150 MW Wildcat Ranch Wind Project. 


  The Lehman Ranch West offering represents a tremendous opportunity to acquire a quality working livestock ranch with excellent hunting opportunities and CRP income at a reasonable price. The ranch is priced to sell at $695/acre. If you are looking for a productive livestock and recreational ranch, whether it be for expansion, first ranching enterprise, or tax-deferred exchange, the Lehman Ranch West deserves your attention.

For more information or to schedule a showing, please contact Chad Dugger at (806) 773.4749.

Property Summary

Activities & Amenities
  • Corrals/Pens
    Gated Entrance
    Income Producing
    Water Rights
    Water Well
  • Dove
    Mule Deer
    Pronghorn Antelope
  • Cattle
Land Details
  • Total Acres: 5,000.00
  • Deeded Acres: 5,000
  • Topography: Rolling
  • Vegetation: Grasslands
  • Estimated Taxes: $53,000
  • Wind Energy Rights: Yes
  • CRP Acres: 1,140.49
  • CRP Income: $47958.00
Building Details