Auction Information
1,896 Acres in Stratford, TX
TEXAS LAND AUCTION, 1896+/- offered in 4 Tracts
Fri, Oct 24, 10:00 AM
Sherman & Dallam Counties, Texas
Owner: Proventus, LLC and Proventus II, LLC
1885+/- Cropland Acres
5+/- Miles Southwest of Stratford, Texas
11 Irrigation Wells
5 Center Pivots
Online Bidding Available
OPEN HOUSE/INSPECTION DATES
Tuesday, September 23rd from 9-11am
Wednesday, October 8th from 1-3pm
Inspection Headquarters: Hampton Inn - 2010 S. Dumas Ave.
Dumas, Texas
PROPERTY LOCATION
Tracts 4-5 Location: From the intersection of US Routes 54 & 287 in Stratford TX, travel west on US Route 54 for 5 miles to the farm.
Tract 6 Location: From Tracts 4-5, travel back east on US Route 54 for 2.5 miles to Farm Road 2014. Travel south on Farm Road 2014 for 1/2 mile to the farm.
Tract 7 Location: From Tract 6, continue south on Farm Road 2014 for 3.5 miles to County Road R. Travel west on County Road R for 1 mile to...
Tract 7 Location: From Tract 6, continue south on Farm Road 2014 for 3.5 miles to County Road R. Travel west on County Road R for 1 mile to the farm.
TRACT DESCRIPTIONS
Tract 4: 629 ac with 625+/- cropland (FSA) and 492+/- acres under center pivot. This tract has 3 wells providing water to 1 center pivot.
Tract 5: 308 ac with 302+/- cropland (FSA), 238+/- acres under pivot and 64+/- acres in CRP. This tract has 2 wells providing water to 1 pivot.
Tract 6: 639 ac with 639+/- cropland (FSA), 494+/- acres under center pivot and 146+/- acres of CRP. This tract has 4 wells providing water to 1 center pivot.
Tract 7: 320 ac with 318+/- cropland (FSA) and 242+/- acres under center pivot. This tract has 2 wells providing water to 2 center pivots.
ONLINE BIDDING AVAILABLE: You must register by Monday, October 13 to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.
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AUCTION LOCATION
Rita Blanca Coliseum, 1219 W FM 281 Dalhart, TX 79022.
From the southeast side of Dalhart Hwy 385 & FM 281, travel west on FM 281 approximately 1.2 miles to auction location.
PROPERTY DESCRIPTION
This auction provides a rare investment opportunity with 6,054+/- total acres. The portfolio includes a high percentage of tillable acres with excellent soils and a high percentage of irrigated acres with good water. The farms also have quality tenants in place for the 2014 crop year and Tracts 1-3 are subject to a lease for the 2015 crop year.