OWNER: XIT Farm

PROPERTY FACTS

Deeded Acres: 821 +/-

Tillable Acres: 490-500 +/- wet acres 

Prominent Soil Type: Aherm Clay Loam, Dumas Loam, Dallam Fine Sandy Loam

Auction Type: Online only 

Tenant/ Possession: Open 2023

Annual Taxes: $1,887.08

Please contact Prime Land & Ranch Real Estate/ EXP Realty Broker Courtney Dettle at 806-683-3086 or LandProz Auction Manager Brian Haugen at 507-208-0791 for more information regarding this property.

PROPERTY FEATURES

• 490-500 +/- Tillable wet acres

• Entire farm has all new electric w/ three phase

• 8 Electric submersible wells, with room for more

• Wells pump between 100 & 200 GPM each

• 4 - Quarter mile 2011 Zimmatic irrigators

• White corn & wheat circles per the well tests [performed Oct 2019]

• Excellent rate of return for investors

• Adjacent to XIT Feeders

• Current wheat crop on all 4 circles to the new owner

• Water well reports available

• Located SW of Dalhart, TX

• Real Estate taxes $1,887.08

Please contact Prime Land & Ranch Real Estate/ EXP Realty Broker Courtney Dettle at 806-683-3086 or LandProz Auction Manager Brian Haugen at 507-208-0791 for more information regarding this property.

TERMS

$150,000 [non-refundable] down on the day of the auction sale. Closing will take place on or before March 15, 2023. Buyer possession at closing. Wheat crop will be the new owners crop and buyer shall pay the input costs as noted in the supplements at closing. If current tenant enters into a lease with new owner, then tenant shall be responsible for the input costs of the wheat crop. Farm is open to farm in 2023. Seller can accept or reject any and or all bids. Seller is a licensed real estate broker licensed in Iowa & Minnesota. Buyer will enter into a Texas purchase agreement the day of the sale. Broker for the seller is Courtney Dettle, Prime Land & Ranch EXP Realty. Buyer Brokers may register buyer clients and will be paid a referral fee if buyer is successful bidder.  Please contact Brian Haugen or Courtney Dettle for broker buyer registration.