156 Acres in Springlake, TX - $312,000

This irrigated farm (156 acres more or less) is located on the west side of US Hwy 385 between Springlake and Sunnyside, Texas. County Road 44 runs along the south side of the property. This tract has a 1990s, mile, Valley Sprinkler nozzled at 225 GPM, has standard size tires and 80 spacings. There are four wells on the property (one of the wells drilled new last year), all equipped with submersible electric motors, pumps and control panels. The sprinkler is consistently powered by three of the four wells. The underground pipeline that connects the wells and sprinkler is high-pressure PVC. 54.5 acres of the balance of the farm are enrolled in the Conservation Reserve Program at a rate of $42.23 per acre through September 30, 2013. Seller has the option of applying for a new CRP contract this May. There is a playa lake located on the northern edge of the property.

This is a nice farm with good soil and considerable depreciation. It would perform well as a diversified row crop farm, possibly in combination with a cattle grazing operation.