Morgan Farm
$176,000 | 160.00 ACRES | SOLD
Overview
- Price: $176,000
- Acreage: 160.00
- ID: 430
- Location: Plains, Texas
- County: Yoakum
- Status: Sold
- Water Rights: Available
- Wind Energy Rights: Available
We are proud to have obtained an exclusive listing on 160 acres, more or less, located in the east-central portion of Yoakum County, being approximately 12 miles east of Plains, approximately 17 miles west of Brownfield and approximately 1 mile west of the Tokio community. Access is good being by graded CR 475 on the east.
Legal Description
The Southeast-quarter (SE/4) of Section 36, Block K, Abstract 1755, Yoakum County, Texas, containing 160 acres, more or less.
Description
The Morgan Farm is currently enrolled in the CRP, with the Yoakum County FSA showing 162.32 acres currently enrolled in the CRP paying $6,006 per year, with the last payment being in 2020. This entire property is currently in a good stand of mixed grasses.
The terrain varies from nearly level to very gently sloping. Slopes across this farm range from 0-3%, with approximately 68% of the property having slopes that range from 0-1%. The majority soil type is Midessa fine sandy loam, 0-1% slopes.
Improvements
This farm has no improvements.
Minerals/Wind
Seller will retain all minerals owned. All wind rights will convey.
Taxes
+/-$650/year
Price
$1,100/acre
Remarks
The Morgan Farm is an excellent prospect for an organic farm. Irrigated farmland adjoins all four sides of this property, so the chances of drilling irrigation wells should be very good. If you are in the market for a potential organic farm or just a good income-producing property, this offering could certainly be what you are looking for. Please call Rusty Lawson for more details.
Rusty Lawson
- rusty@csmandson.com
- 806-778-2826
- View Bio and Listings
Property Summary
Activities & Amenities
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ElectricityIncome ProducingWater Rights
Land Details
- Total Acres: 160.00
- Topography: Rolling
- Wind Energy Rights: Available
- CRP Acres: 162.32
- CRP Income: $6006.00