This Property is Listed with Texas Real Estate Broker Corey Zant of Veritas Real Estate Company

For Questions or to Purchase this Property, Please Call or Text Corey anytime at: 806-368-1295

Office: 806-853- 7355

You may also reach Corey by email at: corey@veritaslandco.com

Reference LANDIO Property ID: TX_Parmer_00001

Property to Sell? Visit: SELLwithLANDIO.com

Feature Your Listing on LANDIO at: LANDIO.com/feature

To Speak with LANDIO, Call or Text Us Anytime at 866-8-LANDIO (866-852-6346)

Introduction

Irrigated parcels are increasingly hard to find at an affordable price per acre in the South Plains. This attractive offering would be a great addition for producers looking to expand operations or investors seeking an income producing asset with significant depreciable assets.

Veritas Real Estate Co is happy to be chosen as the exclusive broker to offer the "Lazbuddie Farm" and the "DD Farm". These two parcels lie within ~2. 5 miles from each other and serve well for cattle grazing and feeding, winter wheat production, sorghum for silage, and cotton farming. A few key highlights:

• ±592.1 deeded acres
• 4 center pivot irrigation systems
• ±420 acres under the pivot
• 2 circles (200 acres) have the potential to be certified organic

Location & Access‍

The property is located in the southeastern part of Parmer County of the Texas High Plains within ±2.5 miles of each other. Both parcels are about 18-20 miles NE of Muleshoe, Texas: (pop: 5,054) the closest town.

Clovis, NM (37,902) is 36-38 miles west of the properties.

Lubbock, TX (pop: 263,930) is located 76-80 miles SE of the property which houses an international airport.

The "Lazbuddie Farm" has paved FM 145 frontage on the northern boundary, CR 26 (dirt) on the western boundary, and CR AA (dirt) on the south boundary. The "DD Farm" has CR 26 (dirt) on the western boundary, CR DD (dirt) on the southern boundary, and CR 27 (dirt) on the eastern boundary.

Google Maps Pin to the Lazbuddie Farm

Google Maps Pin to the DD Farm

Overall Property Description

The land comprises of:

• ± 592.10 acres,
• ± 420 acres under the pivots,
• ± 200 acres with potential to be organic certified (no chemicals in last 3 years).
• 4 center pivot irrigation systems
• A total of 11 wells, 10 of which feed the center pivots

The land is mostly level with minimal contour. The elevation ranges from the highest point of 3925ft to 3830 ft at the lowest. Most of the soils consist of Acuff Loam (0-5% slopes) and Olton Clay Loam (0-1% slopes) on the Lazbuddie Farm.  Friona, Estacodo, and Acuff Loam (0-1% slopes) make a a larger portion of the soils on the "DD Farm", with a small portion containing Sparenberg clay, (0 to 1 % slopes).

The property has generally been used for cattle grazing, winter wheat production, sorghum for silage, and cotton farming.​​

Download Soils Report

Improvements & Irrigation

The "Lazbuddie Farm":

The northern most pivot of the "Lazbuddie Farm" has:

• A 6 tower 2019 Reinke, nozzled at 150 gpm.
• 2 wells feed this pivot
• This circle is also has fencing around it, with new 3 strand barbed wire for cattle on the north, east, and west sides, and a fair fence on the southern side.

The southern most pivot of the "Lazbuddie Farm" has:

• 7 tower Valley Pivot
• Nozzled at 150 GPM
• 3 wells feed this pivot

​Additionally, there are:

• Cattle Pens
• Bunk/Feeder Space
• Livestock well and trough

​The "DD Farm":

The western most pivot of the "DD Farm" has:

• Valley, 6 tower pivot
• Nozzled at 200 GPM
• All 5 wells on this parcel are piped together to feed both pivots, and to water individually.

The eastern most pivot of the "DD Farm"

• Valley, 6 tower pivot
• Nozzled at 200 GPM
• All 5 wells on this parcel are piped together to feed both pivots, and to water individually.

Additionally there are a set of piped cattle holding pens in between the two pivots.

There is a significant amount of depreciable assets in pivots, wells, and fencing.

Organic Potential

The current owner has implemented rotational cattle grazing practices on his farm and has begun transitioning to organic. 2 of the 4 circles could be certified organic with the proper paper work. The seller has expressed the willingness to sign an affidavit for the next owner to attest to no synthetic use on these two circles to help facilitate the certification for the new owners.

The "Lazbuddie Farm":

The north circle could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.

​The "DD Farm":

The east circle could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.​

Minerals • Energy • Water Rights

Minerals:

All seller owned minerals, if any, will convey upon purchase. The seller is unaware what percentage of minerals are currently owned.

Wind:

The owner believes on the "Lazbuddie Farm" 100% of the wind rights are owned on the north half, and 25% on the south half. For the DD farm, seller believes to own 25% of the wind rights. All wind rights will convey upon purchase. The Bethel Wind Farm is the closest wind farm and is 9.8 miles away.

Water Rights:

The owner owns 100% of the water rights which will transfer to the new owner.

Utilities

Both parcels have overhead three-phase electricity available provided by Bailey County Electric Co-op on the property and on the county roads.

Broker Remarks • Pricing

Irrigated parcels are increasingly harder to find in the South Plains, especially those with the potential to be organic. With just a little bit of paper work, 200 acres could be certified, increasing profitability and even the value of the property. With there being 4 pivots, fencing, wells, there is a great amount of depreciable assets for tax benefits for operators and investors alike.

• "Lazbuddie Farm" priced at $2750/acre or $879,950
• "DD Farm" is priced at $2450/acre or $665,950
• OR they can be purchased together for $1,545,900

**Seller will consider any reasonable offer, and there may be potential for a leaseback**

We thank you for you time and for review of these two parcels. If we can answer any questions, you may call or text Listing Broker Corey Zant at: 806-368-1295

‍Property Specifications

LANDIO Property ID:  TX_Parmer_00001

Parcel Size:  592 Acres M/L

General Elevation: 3,875 feet

APN:

Legal Description:

Property Taxes:

HOA Fees:  None

Title:  Free & Clear

Conveyance:  Warranty Deed

‍Visiting the Property

To Schedule a Tour of the Property, Please Contact the Listing Broker Corey Zant anytime by Call or Text anytime at: 806-368-1295

Interactive Map (View Map)

Download Map (KML File)

Download Google Earth‍

‍Contact Information

This Property is Listed with Texas Real Estate Broker Corey Zant of Veritas Real Estate Company

For Questions or to Purchase this Property, Please Call or Text Corey anytime at: 806-368-1295

Office: 806-853- 7355

You may also reach Corey by email at: corey@veritaslandco.com

Reference LANDIO Property ID: TX_Parmer_00001

Property to Sell? Visit: SELLwithLANDIO.com

Feature Your Listing on LANDIO at: LANDIO.com/feature

To Speak with LANDIO, Call or Text Us Anytime at 866-8-LANDIO (866-852-6346)