Dallam County, Texas
List Price: $4,850,000
Location: The property is located about 6 miles southeast of Texline, Texas. Amarillo, Texas, is about 115 miles to the southeast of the property.
Description: Fantastic find in the northwest Texas Panhandle in a heavy agriculture area. Currently, there are ±535 acres currently under center pivot irrigation with potential for about 2,000 more acres to be developed into irrigated farmland. That acreage just came out of the CRP this year and could be grazed or developed further. There are 10 wells in use pumping between 200 and 250 GPM each to the current circles. The wells have a water level of approximately 70 feet. A great setup near the entrance of the property includes two residences, a 750 head grow yard and a 100 foot quonset barn. This prime acreage with easy access with its highway frontage and near large meat processors and feedyards.
Water: There are 10 irrigation wells currently in use pumping at 200-250 GPM, per the owner. Each are drilled to depths ranging from about 250-500 feet. Current water levels at about 180 feet, so there is between 70-320 feet of water depending on the depth of the well. The wells are tied together with about 50,000 feet of underground pipes. The 750 head pens have several stock tanks providing water for livestock. The pastures are well watered with 5 steel tanks connected with 2" line to one submersible well. There are 2 additional tanks each fed by a solar pump.
Hunting: In the past, mule deer and pheasant have been hunted. However, the wildlife have primarily remained untouched in the most recent years. Antelope permits are also available.
History: A majority of the acreage just came out of CRP while ±535 acres have been under center pivot irrigation. The property has primarily been used for corn production in the most recent years with additional improvements availble for a 750 head grow yard.
Improvements: There are 10 good wells on the property, tied together covering the 5 pivots. Four Reinke pivots are about 5 years old. Three CAT Gensyncs are about 3 years old replacing the phase 3 electric for the farming uses. Two residences sit on the property and are currently being leased out month-to-month. The smaller of the houses is stucco and contains approximately 1,906 sqft. The second is a brick home and contains approximately 2,647 sqft.
A 750 head grow yard creates the opportunity for a small calf operation. There are also a couple cow sheds tied to the pens for windbreaks. You will also find a 4,000 sqft quonset barn and at least three other storage buildings or shops.
Minerals: The current owner will retain 50% of all wind and any currently owned mineral rights.
Landscape: The land is gently rolling across the property sloping towards the southeast. The soils here within can be are listed with the accompanying percentages with total area of interest equaling 100%: Dallam loamy fine sand (DaB) 68.6%; Dallam fine sandy loam (DlA) 17.3%; Vingo and Dallam soils (VlC) 8.9%; Perico fine sandy loam (PeA) 3.9%; Dallam fine sandy loam (DlB) 1.3%.
Exclusions: Any exclusions will be resolved at time of negotiations.
Zoning/Easements: The property is outside of any municipality so is not zoned. There are no known easements that would affect operation of the farm. It is anticipated all existing easements will be identified by surveyors.
Estimated 2017 Base Taxes:* $13,613.67.
Water Conservation District: The property lies within the North Plains Groundwater Conservation District.
Area: Chesnut Farms is located in the northwest quadrant of Dallam County.
Access: HWY 87 runs along the northeast corner of the property.
Directions: From Texline, Texas, go southeast on HWY 87 about 6 miles to the northwest corner of the property.