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844-465-SOLD (7653)

182 acres Tillable Farmland Auction

FM 904 ES, Pecan Gap, Delta County, Texas

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Property Detail

This rich and fertile 182+/- acre farm is located in Delta County on the Hunt/Delta County line with easy access from FM 904. Just four miles south of Pecan Gap and minutes from Commerce, Texas.

This farm offers predominately (77%) Houston Black Clay soil with less than 2% slope making it suitable for cultivation or pasture operations. Traditional crops on this farm include soybeans, cotton and winter wheat.

The farm has about 5.5 acres of freshwater shrub wetlands in the northwest corner, a .2 acre tank and the East Fork of the Jernigan Creek traverses from north to south on the eastern quarter of the farm. With approximately 120 cultivated acres and the rest being water and cover opportunities, this farm makes a great income producer and recreational combo opportunity.

The property has been leased on a crop share agreement with the same tenant since the mid 1970’s and the tenant has expressed interest in keeping the arrangement should the new owner wish to do so.

The current crop of soybeans will be harvested around August 2020 and will belong to the tenant and seller, no matter date of closing.

Directions to Farm

FM 904. Four Miles South of Pecan Gap

Agent Comments

This a nice farm that has been professionally managed for a number of years. FM 904 offers easy access and inspection opportunities. This is a great opportunity for producers or land investors that desire appreciation, crop share income and light hunting opportunities. Make sure you request a Property Information Package and get ready to buy this farm at ABSOLUTE Auction!

We do have conflicting information from different sources that we are working on clearing up. A) The Deed and CAD call the property 182+/- Acres while all mapping programs we use and the FSA show closer to 170 Acres. We are working on getting the farm surveyed prior to auction day but will pro-rate per acre price if survey comes after auction. B) FSA notes the property does not have wetlands, mapping software indicates there are about 5.5 acres of wetlands in the NW corner of the farm. We are working to get a definate answer and will announce our findings at the auction.

Legal Description

182 ACRES OUT OF THE J ASHLEY SURVEY, DELTA COUNTY, TEXAS

FSA Information

Total Base Acres: 124.8; Wheat Bases: 59.58/45PLC; Grain Sorghum Bases: 31.19/85PLC; Soybean Bases: 34.03/27PLC

Mineral Rights

100% Owned by Seller, if any, will convey to the successful buyer.

Taxes

$1,117 for 2019

Earnest Money

5% of Total Sales Price made payable to Lawyer’s Title, Amy Fryar Escrow Agent, due on day of sale at time of contract signing

Farm Lease

Yes until August 2020 Harvest. Long time tenant is interested in continuing lease should buyer be interested.

Possession

At time of Closing/Funding

Closing

Target Date is Monday August 31,2020


Location

Onsite & Online

Address

FM 904 ES

City

Pecan Gap

State

Texas

County

Delta

Total Acres

182

Land Type

Tillable Farmland Auction

Contact

Brent Graves, Auctioneer/Broker

Work: (254) 965-4040

Cell: (254) 459-1111

Email: Brent@allianceauctioneers.com

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