Dimmitt, TX 79027(Castro County)

Rare offering of 7,542 +/- acres of productive farmland in the South Plains of the Texas Panhandle. This highly improved irrigated farm will be offered in 15 individual tracts ranging from 320 +/- acres to 1,293 +/- acres, giving you the opportunity to combine tracts to fit your investment needs. The area is intensively farmed providing a choice of great operators or tenants. Along with strong cash rents, this property is developed offering great depreciable assets. Property this size never comes on the market in this area making this a once-in-a-lifetime opportunity. This auction will take place on Tuesday, October 19th at 2:00 pm at the Hereford Civic Center, 1001 W. 15th St. in Hereford, Texas. Information Meetings will be held on Tuesday, October 5th at 10:00 am and on Auction Day at 10:00 am in the same location. This property is being offered in cooperation with Brad Andrews Realty in Lubbock, Texas.

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TRACT 1

This farm is located in the most productive area of Castro County, north of Flagg, and consists of 794.96 +/- acres. CR 620 provides access on the north side and CR 505 is on the west side. Irrigation water for the estimated 644.68 wet acres is provided by six wells. Two of the wells are electric submersible wells, and four are electric turbine wells. The three 3,000-gallon fertilizer tanks located on this tract will convey with the property. There are two 2001 Zimmatic Sprinkler Systems on this farm. The north sprinkler is a mile system (Serial #73804) and is equipped with a booster pump. The south sprinkler is a mile system (Serial #73760). The Tenant reported the total water produced at 2,200 gpm (August 25, 2021). Note: The south mile sprinkler encroaches onto Tract 2. If the buyer of Tract 1 does not purchase Tract 2, the buyer will have to shorten the sprinkler, or make arrangements with the new owner of Tract 2. Consider purchasing Tract 1 and 2 in a combination.

Estimated Property Taxes: $4,254.01

Legal Description: Section 14 and NE/4 of Section 15, Block O-4, D&SE RY Company Survey Castro County, Texas

TRACT 2

Combining this tract with Tract 1 just makes sense because they share a property line in the northwest corner. Located north of Flagg in the most productive area of Castro County and containing 640 +/- acres, this tract offers approximately 489.42 wet acres and would also work well by itself. CR 622 provides access on the south side. Irrigation water is provided by six electric submersible wells. There are two 3,000-gallon fertilizer tanks at Well 2F that will convey with the property. A 2001 Zimmatic mile Sprinkler System (Serial # L73824), equipped with a booster pump, and nozzled for 1,600 gpm, disburses water to this farm. A 30 x 50 metal shop building, great for equipment storage, sits on the southwest corner of the property.

**Note: The south mile sprinkler on Tract 1 encroaches onto this tract. If Tract 1 and Tract 2 sell to different buyers, the buyer of Tract 1 will have to shorten the sprinkler or make arrangements with the new owner of this tract.

Estimated Property Taxes: $3,973.15

Legal Description: Section 10, Block O-4, D&SE RY Company Survey Castro County, Texas

TRACT 3

Just a mile east of Tract 1, this farm offers all the same location benefits. There are a total of 635 +/- acres with approximately 487 acres under irrigation. This farm has access from FM 1055 on the east side and CR 620 on the north side. Irrigation water is provided by four wells (three electric submersible wells and one electric turbine well). The 2007 Zimmatic mile Sprinkler System is equipped with a booster pump and is nozzled for 550 gpm.

Estimated Property Taxes: $3,151.97

Consider combining Tracts 1, 2, & 3 for a good-sized 2,073 +/- acre farm.

Legal Description: Section 2, Block O-4, D&SE RY Company Survey Castro County, Texas

TRACT 4

This 321 +/- acre farm is located just 1.5 miles east of Tract 2. From the intersection FM 1055 and FM 1524, go mile east to the southwest corner of the property. FM 1524 is on the south and CR 509 runs along the east side. Irrigation water is provided by four wells (two electric submersible wells and two electric turbine wells). Water is disbursed through a 2017 mile Valley Sprinkler System equipped with a booster pump. This sprinkler system is nozzled for 1,600 gpm. There is an old homesite and domestic well in the southwest corner of this tract.

Estimated Property Taxes: $2,430.87

Legal Description: E/2 of Section 17, Block T-4, TA Thomson Survey Castro County, Texas

TRACT 5

The north half of Section 20, this 323 +/- acre tract is just one mile south of Dimmitt on CR 513. Access is provided by CR 616 on the north and CR 513 is on the east side of the property. There are five submersible wells and two mile sprinkler systems on this farm. On the west side is a 1989 Valley Sprinkler System nozzled for 200 gpm, and on the east side is a 1992 Valley Sprinkler System nozzled for 200 gpm. The 1,500-gallon fertilizer tank located at the east sprinkler will convey with the property.

Estimated Property Taxes: $2,459.72

Combining Tracts 5, 6, 7 & 8 would make you a nice 1,611 +/- acre farm. All the water is tied together and could be directed where needed. There would be a combined 750 gpm.

Legal Description: N/2 of Section, 20, Block M-10-A, Castro County, Texas

TRACT 6

Just south of Tract 5, this 323.24 +/- acre tract would combine well with Tracts 5 and 7 to give you a nice-sized farm and allow you to tie the water together. Access is provided by CR 617 on the south and CR 513 is on the east side. There are three submersible wells and a 1997 Raincat mile Sprinkler System on this tract. The 3,000-gallon fertilizer tank at the sprinkler will convey with the property. There is a small metal shed on the north side of the property that could be used for equipment storage.

Estimated Property Taxes: $1,658.38

Combining Tracts 5, 6, 7 & 8 would make a nice 1,611 +/- acre farm. All the water is tied together and could be directed where needed. There would be a combined 750 gpm.

Legal Description: S/2 of Section, 20, Block M-10-A, Castro County, Texas

TRACT 7

Just one mile south of Dimmitt and across the road from Tracts 5 and 6, this tract consists of 318 +/- acres. There is county road access provided by CR 616 on the north and CR 513 is on the west side. The intersection of these two county roads is the northwest corner of the tract. There are approximately 239 wet acres in this tract. Irrigation water is provided by two submersible wells. Water is disbursed through two mile sprinkler systems. In the north, is a 1991 7-Tower Reinke Sprinkler System nozzled for 150 gpm, and in the south is a 1992 Model 6000 Valley Sprinkler System also nozzled for 150 gpm.

Estimated Property Taxes: $1,470.60

Combining Tracts 5, 6, 7 & 8 would make a nice 1,611 +/- acre farm. All the water is tied together and could be directed where needed. There would be a combined 750 gpm.

Legal Description: W/2 Sections 21, Block M-10-A, Castro County, Texas

TRACT 8

This farm is located south of Tract 6. There are 646.64 +/- total acres, of which approximately 497 acres are under irrigation. Access is provided by CR 617 on the north and CR 513 is on the east side. Seven submersible wells provide irrigation water to this farm and there is one 1989 Valley mile Sprinkler System nozzled at 200 gpm. There is a 1,500-gallon fertilizer tank at the sprinkler that will convey with the property.

Estimated Property Taxes: $1,470.60

Combining Tracts 5, 6, 7 & 8 would make a nice 1,611 +/- acre farm. All the water is tied together and could be directed where needed. There would be a combined 750 gpm.

Legal Description: Section 60, Block K-13, East line and Red River RR Co Survey Castro County, Texas

TRACT 9

This farm is located south of Tract 8 and consists of 1,292.07 +/- acres, with approximately 989 acres under irrigation. Access is provided by CR 620 on the south and CR 513 is on the east side. There are three miles of five-strand perimeter fencing. Irrigation water is provided by 11 wells (10 electric submersible wells and one electric turbine well). There is an additional well that does not have a pump in the hole. Water is disbursed through two mile sprinkler systems. The north sprinkler is a 1997 Model 8000 Valley Sprinkler System, and the south system is a 2018 Zimmatic Sprinkler System. Both are nozzled for 1,000 gpm.

Estimated Property Taxes: $5,981.15

Legal Description: Sections 58 & 59, Block K-13, EL&RR Co. Survey Castro County, Texas

TRACT 10

This farm is centrally located between all the other tracts. From Dimmitt, go south on US 385 to CR 620 and then mile east to the southwest corner of this tract. In this tract, there are 323.43 +/- acres, with approximately 242 acres of irrigated land. This farm offers great access with CR 619 on the north and CR 620 on the south. Three submersible wells provide irrigation water, disbursed through a 1994 Model 6000 mile Valley Sprinkler System. The sprinkler system is nozzled at 350 gpm. There is a 3,000-gallon fertilizer tank at the sprinkler that will convey with the property.

Estimated Property Taxes: $1,866.42

Legal Description: E/2 Section 38, Block K-13, East Line and Red River RR Co. Survey Castro County, Texas

TRACT 11

Tract 11 is one of a group of four tracts located approximately 4.5 miles southeast of Dimmitt along Highway 194 at CR 618. CR 618 runs along the south side of this farm and CR 518 provides access along the east side. There are a total of 656.59 +/- acres, of which an estimated 502 acres are under irrigation. The house and 7.29 +/- acres in the southwest corner have been cut out and will not convey with this section. Also in the southwest corner, are several sets of cattle pens and cattle sheds that are a part of this tract. Five submersible wells and a 2018 Zimmatic mile Sprinkler System provide irrigation water to this farm. The sprinkler is nozzled at 600 gpm. Conveying with the property is a 3,000-gallon fertilizer tank, located at the sprinkler.

Estimated Property Taxes: $2,952.47

You might consider a combination of Tracts 11, 12, 13, & 14 for a total of 1,638 +/- acres.

Legal Description: Section 1 Block K-13 EL & RR Co. Survey, save and except 7.29 acres Castro County, Texas.

TRACT 12

East of Tract 11, this 330 +/- acre farm also has access along CR 518. Irrigation water is provided by three submersible wells and two mile sprinkler systems. The north system is a 2006 T&L Sprinkler System nozzled for 200 gpm. Two 1,600-gallon fertilizer tanks located at this sprinkler convey with the property. The south system is a 1999 T&L Sprinkler System nozzled for 200 gpm with a 3,000-gallon fertilizer tank. This tank will also convey with the property.

Estimated Property Taxes: $1,456.40

You might consider a combination of Tracts 11, 12, 13, & 14 for a total of 1,638 +/- acres.

Legal Description: W/2 Section 63, Block 10-T, T&NO Railway Co. Survey Castro County, Texas.

TRACT 13

This farm is located south of Tract 12 along CR 518 and totals 322.26 +/- acres. Approximately 2.762 acres with two homesites on the west side are cut out and reserved. Irrigation water is provided by three submersible wells. There is a fourth well that does not have a pump in the hole. Water is disbursed through two mile sprinkler systems. In the north is a 1985 Zimmatic Sprinkler System, and in the south is a 2008 Valley Sprinkler System. The farm produced 500 gpm on August 25, 2021 per the Tenant. Two fertilizer tanks located at Well 13C (1-3,000 gallon and 1-1,500-gallon) will convey with the property.

Estimated Property Taxes: $1,381.56

You might consider a combination of Tracts 11, 12, 13, & 14 for a total of 1,638 +/- acres.

Legal Description: W/2 Section 64, Block 10-T, T&NO Railway Survey, save & except 2.762 acres, in Castro County, Texas.

TRACT 14

Tract 14 sits mile east of Tract 12 along CR 618. There is also access along the west side of this property from CR 519. With a total of 329.42 +/- acres, including 75.4 acres that are enrolled in the Conservation Reserve Program, this farm would fit in nicely with any combination. The CRP contract expires in 2023 and pays an annual payment of $2,169.00. The buyer of this tract shall become the successor to USDA FSA Conservation Reserve Program Contract #10131. This CRP contract shall be in compliance, at the time of closing. The 2022 and 2023 CRP annual payments shall convey to the buyer. Irrigation water is provided by one submersible well and two turbine wells. There is a fourth well (Well 14A) that has a submersible pump. This well is believed to not be in use. There are two mile sprinkler systems. The north sprinkler is a 1985 Zimmatic Sprinkler System, and the south sprinkler is a 1984 Valley Sprinkler System. The farm produced 500 gpm on August 25, 2021, per the Tenant. There are three 3,000-gallon fertilizer tanks located at Well 14A and 14B. These tanks will convey with the property.

Estimated Property Taxes: $883.40

You might consider a combination of Tracts 11, 12, 13, & 14 for a total of 1,638 +/- acres.

Legal Description: W/2 Section 62, Block 10-T, Castro County, Texas.

TRACT 15

This farm is located eight miles south of Nazareth on Hwy 168 or 2 miles north of Hart on the west side of the highway. There are a total of 330.89 +/- acres with approximately 244 acres under irrigation. Irrigation water is provided by four submersible wells with two mile Lockwood Sprinkler Systems (1985 and 1987) nozzled at 450 gpm. Two 1,600-gallon fertilizer tanks located at Well 15A and Well 15B will convey with the property. **These Sprinkler Systems will be replaced by two new Zimmatic Sprinkler Systems, believed to be scheduled for installation prior to the auction.

There are windbreak trees on the north side of the property. On the southeast corner is an old homesite with a small structure and a 30 x 50 metal shop with a concrete floor.

Estimated Property Taxes: $2,154.25

Legal Description: S/2 Section 32, Block 10-T, T&NO Ry. Co. Survey Castro County, Texas