TEXAS SOUTH PLAINS IRRIGATED FARM

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1 TEXAS SOUTH PLAINS IRRIGATED FARM 1,075± Acres of Irrigated Farmland Price Reduced!

2 PROPERTY OVERVIEW THESE 1,075± ACRES OF IRRIGATED FARMLAND ARE LOCATED THREE MILES NORTH OF AMHERST, TEXAS. The property is located in a fertile area of Lamb County, known for its cotton, grain, hay, cattle, and dairy production. The property is highly developed, and suitable for a variety of growing programs. Its close proximity to many dairies, feedlots, gins, and elevators provides for many marketing opportunities. A contiguous tract of this size is hard to find in this region, making this a unique offering. The farm has a many center pivots that are all tied together, allowing for water to be diverted to several circles at a time. With the layout of this property, and the combination of large and small circles, there are many opportunities for rotation and diversification. There are also some existing cattle and storage infrastructure on the property. In the past this farm was a productive alfalfa and corn silage farm. Today, the farm is likely best utilized for an improved grass cattle operation, in combination with a rotation of wheat, corn, and other cash crops. The layout of this farm offers many possibilities for the cattleman looking for an intensive grazing operation, or the farmer looking to grow a combination of crops. A major challenge to this property is the sandy soil, and the amount of developed water. The soil conditions can be mitigated with modern day conservation tillage practices. With this farm having many sprinklers of various sizes, the water that is available can be applied to select areas of the farm to take advantage of different crop rotations.

3 IMPROVEMENTS Talk to a qualified accountant to understand the value of being able to take Depreciation, or Section 179 Direct Elect Expense on the vast amount of improvements on this farm. This farm offers flexibility to manage an owner s tax liabilities. NOTE: Consult your tax accountant prior to making a business decision off of the estimated depreciation values above. This is an ESTIMATION of the value of depreciable assets on this particular farm, based on our experiences in the market and with depreciation schedules we have seen of other farms. This is not an appraisal of equipment values, but an estimation of the depreciation schedule that might be used for tax preparation.

4 FSA INFORMATION

5 SPRINKLER INFORMATION

6 WELL INFORMATION * ** *** This well will produce more. Takes a couple days to flush sand out and then goes to pumping better. This hole is sanded in about 20. May be able to clean out. Includes 5 HP pump. Historically very low producer. May be a dry hole. **** Seller placed a 10HP pump that he had in this hole. It is pumping wide open. Seller estimates this hole to be gpm with a proper sized pump.

7 AERIAL

8 SOILS

9 SOIL KEY

10 WATER INFORMATION

11 UTILITIES

12 TOPOGRAPHY

13 ROADS

14 CONTACT US TODAY TO SCHEDULE A SHOWING: ERIC TURPEN Associate Broker Eric@CliftLandBrokers.com cell Clift Land Brokers E Marshall Howard Blvd., Littlefield, Texas CLIFTLANDBROKERS.COM & A M E R I C A N FARM RANCH MEMBER BROKER AMERICANFARMANDRANCH.COM The information contained herein is as obtained by Clift Land Brokers, Amarillo, Texas, from the owner and other sources, and even though this information is considered reliable, neither broker nor owner make any guarantee, warranty or representation as to correctness of any data or descriptions and the accuracy of such statements should be determined through independent investigation made by the prospective purchaser. This offer for sale is subject to prior sale, errors and omissions, change of price, terms or other conditions or withdrawal from sale in whole or in part, by seller without notice and at the sole discretion of seller. Readers are urged to form their own independent conclusions and evaluations in consultation with legal counsel, accountants, and/or investment advisors concerning any and all material contained herein.