Irrigated, Northeast Texas Farm for Sale, G & K Farms, DeKalb
Property Type Farm & Ranch: Texas
Address
Net Leased Farm for Sale in Texas
De Kalb, TX Farm for Sale
Location Northeast Texas Land for Sale, near DeKalb, Texas, 1/4 mile from the Red River.
Acreage 1953
Price $3,906,000.00
Price Per Acre $2,000.00
Wichita Falls Texas
Main Office
Office: 940-723-5500
Fax: 775-667-5850

Folks, this Texas Farm for Sale, just 1/4 mile south of the Red River, and the G & K Oklahoma Farm for Sale (1,129 acres) are just across the Red River from each other; about 6 road miles. Here we have a 48 - 52 inch Annual Rainfall and like the other G & K Farms, we're looking at 87 Bu average for Corn on dry-land & 140 - 180 under irrigation with NO DRYING COST a Local Market for Corn with a 35 Cent Positive CBOT Basis. Corn is not the optimum crop here, though. Double cropping Soy Beans & Wheat is the tradition, here. In many years, irrigation is only a back up. Pumping is very infrequent and very inexpensive compared to a $250 per acre, annual pumping cost in the High Plains.

We're looking at an average of 40 - 45 Bu wheat on the corners and 60 - 80 under pivot. 20 - 35 BU Soybeans on dry-land and 45 - 60 under pivot. Keep in mind that on most High Plains Farms, your corners are a 25% extra cost without enough yield to justify the fertilizer. Here, every acre produces handsomely. There's no waste here, Folks. Hail Risk here is hardly even a factor. Everyone that visits this farm will be impressed; that's a guarantee.

Owners will Lease-Back for 6% and 5 years at the Sale Price of Cultivated Acres, which is 5.25% of gross purchase at asking price, which makes this Farm Texas Investment Property. Come make us an offer.

Acreage 1,953 acres +/-
Terrain Flat to Gently Rolling; 1,749 +/- Cultivated Acres, of which, 1,165 +/- are Irrigated Acres & Some Timber (most of the timber in the aerial has been cleared) & Creek Acres.
Water 6 Irrigation Wells.
Improvements 6 New Irrigation Pivots, Pumps & Motors. FOLKS, with all of the drainage work, there is about $750,000 in depreciable assets on this farm.
Recreation White-Tail Deer, Hogs & Turkeys.
Minerals All that the Current Owners Own Will Be Conveyed.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.