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 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.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.