120 Acres in Vernon, TX - $222,000
Zhang Farm
Productive 120 +/- acre farm in Wilbarger County, TX, located west of Vernon in the Farmers Valley community. Electricity is available at its north border, and a Red River Water Authority line is at the road, some 1300 ft away to the east. Other than a fence along its north border that is shared with the neighbor, it has no other improvements, and no structures.
The property has legal access via a 20 ft. wide deeded access easement coming in from CR 122 W on the south side. This easement runs along the side of the neighbors field and is not currently a road because that same neighbor allows the owner to come in from CR 81 S from east, via an existing gravel oil field road. This gravel road runs across this neighbor and upon reaching the subject property, stays along its north line for approximately 1350 ft before it goes back into the neighbor to the north. County Road 81 S is a good gr...
The property has legal access via a 20 ft. wide deeded access easement coming in from CR 122 W on the south side. This easement runs along the side of the neighbors field and is not currently a road because that same neighbor allows the owner to come in from CR 81 S from east, via an existing gravel oil field road. This gravel road runs across this neighbor and upon reaching the subject property, stays along its north line for approximately 1350 ft before it goes back into the neighbor to the north. County Road 81 S is a good gravel base on most of it; the paved FM 925 is just 1.5 miles north down the road.
Per the Farm Service Agency, the cultivatable acres are 114.46, with 5.49 acres in a grass waterway along the north side. The land is currently being used to grow winter wheat under a share crop agreement with a local farmer, 1/5th of the gross crop goes to the landowner with no expenses due (other than the owner's property taxes). The farm has produced upwards of 44 bushels per acre in the last five years. It is a dry land farm with no irrigation, so crop production can vary depending on annual rainfall. The soils are a mix of Miles fine sandy loam and Tillman clay loam, Class 1 & 2, capable of growing wheat, hay grazer, cotton or coastal grass for grazing or hay production. The current tenant would continue to lease the farm and would keep the same arrangements or pay an annual cash rent, if desired.
The owner doesn't own any mineral rights so there are none to convey. The property has two oil wells on it with tank batteries; both are on the far north end where it doesn't interfere with the farm production.
LIST PRICE:$1,850/acre | $222,000 total
For more information or to see this farm in person, contact agent Benjamin Belew at cell phone (940) 357-9940.
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