Morton, Texas is the county seat of Cochran County. Located about an hour west of Lubbock, Texas, this agriculture area is known for farming and ranching. The community has approximately 2000 residents and all of the businesses tied to the ag sector. Lubbock is a thriving area with a large medical community, multiple banking options, entertainment, shopping, and Texas Tech University. This growing city with over 200,000 people, is just a short drive and offers a close get away for family fun. Lubbock is also home to the Lubbock Preston Smith International Airport. Currently direct flights can be booked to DFW, Austin, Dallas Love Field, Houston, Las Vegas, and Denver.

PROPERTY DETAILS

This irrigated farm has approximately 3,500 wet acres being serviced by 23 sprinklers. Per the owner, the approximately 100 wells pump roughly 11, 850 gallons per minute. The current tenant farms a little over 1,500 acres in alfalfa. The farm produces five full cuttings a year and also attains about three quarters of cutting on the sixth round while being farmed organic. The balance of the farm produces triticale and peanuts, also being organic. The equipment includes mainly Zimmatics with a few Pierce models and one Valley. All the wells are submersible and are powered by electricity on the alfalfa. The wells on the balance of the farm are powered by gas generators. Most pumps are in the 10 hp range. Also on the farm is one large covered hay barn that is used mainly to cover equipment. The property sits in the High Plains Underground Water Conservation District. The outdoor enthusiast will enjoy a property that has both Bobwhite and Blue Quail as well as mule deer.

This irrigated property has a great return on investment based on the rental rate from the current tenant, $850,000 annual cash lease through 2026. We would be glad to discuss the details.

Missouri Land and Farm LLC is helping Market this farm through listing company Team Juan Uribe, LLC