Happy, TX 79042 - Swisher County

Swisher County Grass* CRP*1010 Acres*

Stock Wells* Barn*

Legal Description: N/2, Section 86, Block M-9, 320 acres, more or less, and the SE/Part of Section 86, Block M-9, 200 acres, more or less, and the NW/4, Section 95, Block M-9, 160 acres, more or less, and the S/2, Section 96, Block M-9, 320 acres, more or less, all situated in Swisher County Texas.

Description: These contiguous 1000+ acres are located in the north/central part of Swisher County Texas with good access provided by County Roads. The grass is in good to excellent condition. There are a total of 586.76 acres enrolled in the USDA CRP program. Here is a breakdown of the different CRP contracts. Tract Number 326 has a total of 274.3 acres enrolled at $28.00 per acre. This equals an annual payment of $7,680.00 and expires on 9/30/2030. Tract Number 286 has a total of 137.02 acres enrolled at $27.66 per acre. This equals an annual payment of $3,790.00 and expires on 9/30/2023. Tract Number 287 has a total of 175.44 acres enrolled at $33.18 per acre. This equals an annual payment of $5,821.00 and expires on 9/30/2032. The total current annual CRP payment is $17,291.00. The property is currently leased for grazing on non CRP grass, playa lake bottoms, and other land for $4,200.00 annually. The current lease expires December 30, 2024. The tenant owns all of the well pumps. A barn is located near the central part of the farm just east of County Road 16. View my website for maps and CRP/USDA information.

Price: $1,312,000.00

Minerals and Wind Rights: Surface Only, Seller reserves all of the mineral interests currently owned. Seller reserves one half of the wind rights.

Special Note: Sellers would consider financing up to seventy-five percent for qualified Buyers at an interest rate of 5.5%.