Shipman Farm

Descriptions

We are pleased to have obtained the exclusive listing on approximately 220 acres of partially irrigated farmland located in the southwest-quadrant of Hale County, Texas.

Size
According to the Hale County Appraisal District, this property contains a total of 220 acres, more or less.

Location Access
As mentioned, Shipman Farm is located in the southwest-quadrant of Hale County, being approximately 5 miles north and 2 miles west of Abernathy, Texas. Access is good, being by graded CR 285 on the south.

Legal Description
The South 220 acres, more or less, of the east half (E/2) of Section 88, Block A-4, Abstract 1303, Hale County, Texas.

General Description
This is a productive partially irrigated farm in an excellent state of cultivation. A seven (7) tower Valley pivot is located on the north side of the farm that irrigates 54 acres, more or less. The remaining cultivated acres are operated on a dryland basis. The southeast 68 acres, more or less, are in a good stand of mixed grasses, with 54.72 acres of this area being currently enrolled in the Conservation Reserve Program.

The overall terrain varies from nearly level to gently sloping, with approximately 2/3rds of the property having a nearly level terrain with slopes in this area only ranging from 0-1% slopes. The remaining 1/3rd of the property slopes gently to the southeast to a low area located in the southeast corner. The primary soil found across this farm is Pullman clay loam, 0-1% slopes.

FSA Office Information
Farm #4144
Farmland Acres: 222.63
Cropland Acres: 210.61
DCP Crop Data: 155.81 base acres of Seed Cotton with a PLC Yield of 1,251 lbs.
CRP: 54.72 acres paying $2,189/yr. ($40/ac.), expiring in 2030.

Improvement
Improvements include a four (4) year old seven (7) tower Valley center pivot irrigation system and two (2) irrigation wells equipped with submersible pumps. The pivot system is approximately 1,200 feet long and is in excellent condition.

Price
$2,200 per acre $484,000

Minerals Wind Energy
Seller will retain all minerals owned. Seller is making no other reservations.

2022 Property Taxes
+/-$400

Remarks:
If you are looking for an investment property or to expand your current farming operation in Southeastern Hale County, please call Rusty Lawson at (806) 778-2826 for additional information.