1881 acre Texas Farm for Sale with Irrigation
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Texas Farms for Sale 74
 

Property Type Texas Farms and Ranches for Sale | SouthernPlainsLand.com
Address
Blossom, TX -SOLD-
Location 10 Miles east of Paris, Texas.
County Lamar
Bedrooms 4
Bathrooms 2
Sq. Ft. 3598
Acreage 1881

-SOLD- NO STATE INCOME TAX IN TEXAS! -SOLD-

Folks, how often is it that you find an irrigated farm of this magnitude (3 houses, shops, 575,000 bu of grain storage, truck scales) with highway frontage, less than 1 mile from town and only 10 highway miles from Paris, Texas, which is the "Hub" of Northeast Texas? Good grief! I drive 20 miles from our own wheat-farm to the closest parts-house or to take the family out to dinner and we consider that convenient.

 

This is a Farm to behold. With a 44 - 46 inch annual rainfall we're looking at 87 Bu Corn on dry-land & 140 - 180 under irrigation with NO DRYING COST; a Local Corn Market with a 35 - 50 Cent, Positive CBOT Basis. Corn is not the optimum crop here, though. Double-cropping Soybeans and wheat is the tradition, here. In many years, irrigation is only a back up. Water is drafted from the large, very clear Lakes. Pumping is very infrequent and very inexpensive. Compare that to a $180 per acre annual pumping cost in the High Plains. Keep in mind, these Lakes are collective run-off and there is good nitrogen content in the water; superior to well water.

You're looking at nearly $1,000,000 in Grain Storage, Scales & Gravel alone, all new in 2008. Typical yields average 40 - 45 Bu wheat on the corners and 60 - 80 under pivot. 20 - 40 BU Soybeans on dry-land and 50 - 80 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.

Lease value of this farm is $265,000 per year, including grain storage, houses, shops and machine storage, making this farm Texas Investment Property.

Property taxes run approximately $14,647.17 with all improvements. -SOLD-

Acreage 1,881 acres +/-; 1,621 Cultivated acres (+/-); 811 acres (+/-) Under Pivot.
Terrain Flat to Gently Rolling.
Water 63 (Surface) Acre Lake, 47 Acre Lake, 27 Acre Lake, Several Ponds & Rural Water.
Improvements 3,598 sf Brick Main House, built in 2003; 1,008 sf Guest House, built in 2002; 1,456 sf Double-Wide; 425,000 Bu, Fan Cooled Grain Barn; 3 - 50,000 Bu, Fan Cooled Grain Bins; 65' Truck Scale & Scale House with Bathroom Facilities; 2 Large Metal Shops with Machine Shed Attached; Chemical Barn with spill protection and outside hydrants; 4 Irrigation Pivots; Commercial Catfish Farm; an old barn with concrete bunk-line on a 60 acre, pre-conditioning lot for calves. FOLKS, there is approximately 2 million dollars in depreciable assets on this farm.
Recreation White-tail Deer, Hogs, Turkeys & Lots of Fish.
Minerals No Reservations.
Kalin RO 09
Broker/Agent
903-341-0550
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
 
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