Spain Farm

Spain Farm | Texas
Property Types:
Farm,
Mineral, Water, Wind Rights Land

$272,000 | 160.00 ACRES | AVAILABLE

Rusty Lawson

Overview

  • Price: $272,000
  • Acreage: 160.00
  • ID: 532
  • Location: Olton, Texas
  • County: Lamb
  • Status: Available
  • Wind Energy Rights: All owned
Property Description

We are proud to have obtained an exclusive listing on 160 acres, more or less, located in the northeast-quadrant of Lamb County, being approximately 3.5 miles north and approximately 1 mile west of Olton.  Access is good, being by graded CR 82 on the south and graded CR 299 on the east.  

Legal Description

The Southeast-quarter (SE/4) of Section 8, Block A, L. & S.V. Ry. Co. Survey, Abstract 471, Lamb County, Texas.  

Description

The Spain Farm is a good partially irrigated farm, with approximately 120 acres under pivot.  The south two corners of the property are in improved grass and the north two corners are operated as dry cropland.

The terrain of this farm is mostly level, with a very gentle slope to the east.  Slopes across this farm range from 0-3%.  

Overall, the Spain Farm is in a good state of cultivation.  

Farm Service Agency’s Base Acres and Yields

Farm 2671, Tract 2031

Crop                     Base Acres                       PLC Yields

Corn                         60.80                               162 bu.

Seed Cotton           63.44                             3,214lbs.

UNA Generic          15.86                                   0    

Center Pivot/Irrigation Wells

Improvements include a 1990 model Valley brand quarter-mile center pivot.  This pivot is in good condition for its age and is currently nozzled at 350 gallons per minute.  Four (4) irrigation wells are developed on the property, with three (3) of wells being equipped with 4-inch electric submersible pumps and one (1) well being equipped with a 3-inch electric submersible pump.  

Minerals/Wind

One-half of any minerals owned will be conveyed.  100% of the wind rights will be conveyed.

Price

$1,700 per acre

Remarks

If you are looking for an investment property or to expand your current farming operation in Lamb County, please call Rusty Lawson at (806) 778-2826 for more details on this offering.  

Property Summary

Activities & Amenities
  • Income Producing
    Irrigation
    Water Rights
    Water Well
    Wind Energy
Hunting
  • Dove
    Pheasant
Farming
  • Corn
    Cotton
    Sorghum
    Wheat
Land Details
  • Total Acres: 160.00
  • Topography: Flat
  • Wind Energy Rights: All owned
Building Details