CR 151 & CR 280, Seagraves, TX 79359 - Gaines County

A very unique farm that it is currently operated as a livestock operation. The property features net fencing and large shelter barns that could be used for any type of livestock operation. The irrigated fields are cross fenced for rotational grazing purposes, and are designed to produce the feed for the livestock operation. In addition to the fencing, wells and sprinklers, the farm offers the following assets:

- A nice brick 2 bedroom home with office. Home valued at $70,000.00

- One 450 by 130 insulated equipment storage and maintenance barn valued at $985,000.00.

- Two 40,000 sq. ft. Livestock barns valued at $275,000.00 each.

- One insulated and heated chemical storage barn valued at $100,000.00

- A reverse osmosis water system for treating water used by spray rigs. Valued at $40,000.00

The home, maintenance barn, chemical storage barn and reverse osmosis water system could be split from the remainder of the property should a buyer be looking for a well-equipped farm operations headquarters.

This farm offers a ROI of 7.5% per year to the owner (7.45% after property taxes).

PROPERTY HIGHLIGHTS:

2019 USDA-FSA PAYMENTS: 72,509.00

ANNUAL PROPERTY TAXES: $4,356.00

CROP BASES:

- Peanuts: 300.84 acres with 4,095 lb. per acre PLC yield

- Cotton: 571.05 acres with 1,200 lb. per acre PLC yield

- Grain Sorghum: 5.90 acres with 34 bu. per acre PLC yield

- Wheat: 270.61 acres with 20 bus per acre PLC yield

Good water

Very strong crop yields

Heated/insulated storage

Net fencing around majority of property