Northeast Texas Land for Sale, near DeKalb, Texas, 1/4 mile from the Red River.
Acreage
1953
Price
$3,906,000
Price Per Acre
$2,000.00
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 90 - 125 Bu Corn on dry-land & 200 - 230 under irrigation with NO DRYING COST a Local Market for Corn with a 35 Cent Positive CBOT Basis, picked up on the farm; Double cropping Soy Beans & Wheat. In many years, irrigation is only a back up. Pumping is very infrequent and very inexpensive. Compare that to a $250 per acre, annual pumping cost in the High Plains. I don't believe the Cost-to-Production Ratio on these Northeast Texas & Southeast Oklahoma Farms can be beat any where in the United States. We're looking at an average of 45 Bu wheat just on the corners and 70 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
4 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.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
