Lamb Co TX 339 +/- Acre Online Auction

Tract 1: 164.87 +/- acre tract that has 40.7 +/- acres of drip irrigation, 18.79 acres of CRP, and the remainder of the farm is dryland cultivation.  The CRP pays $714.00 per year and expires in 2030.  The drip system is approximately 10 years old and is on 80-inch centers.  Irrigation water is proved by one 7.5 hp submersible well that pumps approximately 40 gpm according to the tenant.  The drip system has an EC3 Controller that is owned by the tenant and can be purchased for $13,000 at closing.  If Buyer elects not to purchase controller, a plain Netafim controller will be placed back in its place.  A cash lease of $6,500.00 is in place for the 2022 crop year for this Tract.  This property is accessed by turning west a half mile on CR 202 from U.S. Highway 385.  There are county roads on the south and east side.

Tract 2: 173.9 +/- acre tract has 42.2 +/- acres of drip irrigation, 19.51 acres of CRP, the two north corners in expired CRP, and the remainder of the circle is in dryland cultivation.  The CRP pays $741.00 per year and expires in 2030.  The drip system is approximately 10 years old and is on 80-inch centers.  Irrigation water is proved by three submersibles wells, ranging in size from a 5 hp, 7.5 hp, and a 10hp pump, that produce a combined 160 gpm according to the tenant.  The drip system has an EC3 Controller that is owned by the tenant and can be purchased for $13,000 at closing.  If Buyer elects not to purchase controller, a plain Netafim controller will be placed back in its place.  A cash lease of $6,500.00 is in place for the 2022 crop year for this Tract.  This property is accessed by U.S Highway 385.  There is a county road on the north and west sides, and highway on the east side.