Pettit Farm

  We are pleased to have obtained the exclusive listing on approximately 147.6 acres of partially irrigated farmland located in the northwest quadrant of Hockley County, Texas.

Size

  According to the Hockley County Appraisal District, this property contains a total of 147.6 acres, more or less.

Location  •  Access

   As mentioned, Pettit Farm is located in the northwest quadrant of Hockley County, being approximately .5 of a mile north of the small community of Pettit, Texas.  Access is excellent, being by paved FM 303 on a portion of the south and west and graded county roads on a portion of the west, south, and east sides. 

Legal Description

   All of Labor 43, League 77, Haskell County School Land, Abstract 192, Hockley County, Texas, containing 147.6 acres, more or less.

General Description

   The terrain varies from nearly level to gently sloping, with slopes across the majority of the farm ranging from 0-3%.  Amarillo fine sandy loam soil is found over approximately 90% of the farm.  This property was originally irrigated by a center pivot irrigation system; however, 92 acres of drip irrigation have been installed on the land previously irrigated under the pivot.  The Pettit Farm is well maintained and is currently in an excellent state of cultivation. 

FSA Office Information

• Farm #3363
• Farmland Acres = 92.58
• Cropland Acres = 92.58
• DCP Crop Data = 91.1 base acres of Seed Cotton with a PLC Yield of 2,520 lbs.
• CRP = 48.1 acres paying $1,780/yr. ($37/ac.), expiring in 2030

Improvements

   92 acres of drip irrigation on 40-inch centers installed in approximately 2005. 4 irrigation wells equipped with electric submersible pumps, approximately 210 feet deep, estimated to pump +/-130 gpm total.

Price

   369,000  •  $2,500 per acre

Minerals & Wind

   Seller is making no reservations.  Seller owns no minerals.

2022 Property Taxes

   +/-$910

Remarks

   If you are looking for an investment property or to expand your current farming operation in Northwestern Hockley County, please call Rusty Lawson at (806) 778-2826 for additional information.