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Details about the Land
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| County: Sherman |
Type: Acreage |
Acres: 1897 |
| Address: |
City: Etter |
State: Texas |
| Zip: 79013 |
Price:
$4,700,000.00 |
Status: Available |
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Description of the Land
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New Development On Etter Texas Farm
The owner has just signed a lease to place 10 windmills on this property.
Each windmill will have income of $14,000 to $24,000/year.
With purchase price of $4,700,000 seller will sell 50% of the wind rights.
TOTAL ACRES 1,897
1,515 TOTAL IRRIGATED ACRES
YEILDS:
2009 267 BUSHELS OF CORN
2008 248 BUSHELS OF CORN
2007 252 BUSHELS OF CORN
2006 262 BUSHELS OF CORN
PRICE $2,477/ACRE OR $4,700,000
RENTAL INCOME $198/ACRE OR $300,000
TAXES $6,600
NET RETURN AFTER TAXES 6%
This prime irrigated farm with strong water is located in a very competitive farming area of the Texas Panhandle. Sitting on approximately 3 miles of frontage on Hwy 297, this farm is developed for maximum efficiency in the production of corn, corn or sorghum silage, cotton, wheat, alfalfa, soybeans and other specialty crops. The farm is separated is equipped as follows:
West ½ of Section 7 and All of Section 8 Containing A Total of 960 Acres More or Less-
This farm is equipped with a Reinke sprinkler nozzled for 2,000 g.p.m. covering 360 acres and a second Reinke sprinkler nozzled for 2,100 g.p.m. covering 370 acres. Each sprinkler is spaced on 60” centers with long drops and standard tires.
There are four irrigation wells in use on section 8 and they are pooled with two irrigation wells on the west ½ of section 7 by high pressure underground pipe.
Three of the six wells are used in one sprinkler and three in the other, running both sprinklers at the same time.
There is a set of steel shipping pens with metal wind-breaks located just off of Hwy 297 in the area of the southeast corner of section 8 and the southwest corner of the west ½ of section 7 with a permanent, single deck loading/unloading chute and stock water piped in PVC pipe to the pens from a domestic well (equipped with a submersible electric motor, pump and control panel) located in the northwest corner of section 8.
East ½ of Section 7 and All of Section 6 Containing A Total of 937.439 Acres More or Less (Save and Except Certain Tracts Not Owned By Seller)-
This farm is equipped with two Valley sprinklers (2280 ft. and 2077 ft.) three Zimmatic sprinklers (1010 feet each), seven irrigation wells with turbine pumps and gearheads, two domestic wells with submersible electric motors and pumps 3000 square yard gathering pit for one sprinkler and turbine booster pump at the pit to provide pressure, and a large set of metal, cattle working pens.
In summary, the well depths in this area are deep (should be confirmed by the water district) which should add premium value over an extended period of time. Advantages of location include approximately 3 miles of highway frontage, located in close proximity to the Sunray Coop elevator approximately 6 miles to the west at Coldwater, approximately six miles from two large feedlots in either direction with Hwy 297 leading to Dalhart, Texas to the west and access to the east on Hwy 297 to US Hwy 287.
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Agriculture and Farming
Agricultural Uses
Row Crop
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Row Crop Potential Usage
Corn
Cotton
Sorghum
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Land
Minerals Available
Wind
Present Use
Agriculture
Property Tax Exemption
No
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Property Type
Farm/Ranch
Proposed Use
Agriculture
Road Frontage Desc
Asphalt
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Topography
Level
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NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by LandsofAmerica.com, LLC, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.
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