Irrigated parcels are increasingly hard to find at an affordable price per acre in the South Plains. This attractive offering would be a great addition for producers looking to expand operations or investors seeking an income producing asset with significant depreciable assets.

​Veritas Real Estate Co is happy to be chosen as the exclusive broker to offer the ”Lazbuddie Farm” (320 acres) and the ”DD Farm” (272 acres). These two parcels lie within ~2. 5 miles from each other and serve well for cattle grazing and feeding, winter wheat production, sorghum for silage, milo, and cotton farming. Both parcels are offered separately, or together. A few key highlights:

• ​​2 Farms Total: ±592.1 deeded acres
• 4 center pivot irrigation systems
• ±420 acres under the pivot
• 2 circles (200 acres) have the potential to be certified organic

Location and Access

The properties are located in the southeastern part of Parmer County of the Texas High Plains within ±2.5 miles of each other. Both parcels are about 18-20 miles NE of Muleshoe, Texas: (pop: 5,054) the closest town. Clovis, NM (37,902) is 36-38 miles west of the properties. Lubbock, TX (pop: 263,930) is located 76-80 miles SE of the property which houses an international airport.

The ”Lazbuddie Farm” has paved FM 145 frontage on the northern boundary, CR 26 (dirt) on the western boundary, and CR AA (dirt) on the south boundary. The ”DD Farm” has CR 26 (dirt) on the western boundary, CR DD (dirt) on the southern boundary, and CR 27 (dirt) on the eastern boundary.

Overall Property Description

The land comprises of:

• ± 592.10 acres,
• ± 420 acres under the pivots,
• ± 200 acres with potential to be organic certified (no chemicals in last 3 years).
• 4 center pivot irrigation systems
• A total of 11 wells, 10 of which feed the center pivots

The land is mostly level with minimal contour. The elevation ranges from the highest point of 3925ft to 3830 ft at the lowest. Most of the soils consist of Acuff Loam (0-5% slopes) and Olton Clay Loam (0-1% slopes) on the Lazbuddie Farm. Friona, Estacodo, and Acuff Loam (0-1% slopes) make a a larger portion of the soils on the ”DD Farm”, with a small portion containing Sparenberg clay, (0 to 1 % slopes).

The property has generally been used for cattle grazing, winter wheat production, sorghum for silage, and cotton farming.

Improvements & Irrigation

The ”Lazbuddie Farm”

• The northern most pivot of the ”Lazbuddie Farm” has:
• A 6 tower 2019 Reinke, nozzled at 150 gpm.
• 2 wells feed this pivot
• This circle is also has fencing around it, with new 3 strand barbed wire for cattle on the north, east, and west sides, and a fair fence on the southern side.

​The southern most pivot of the ”Lazbuddie Farm” has:

• 7 tower Valley Pivot
• Nozzled at 150 GPM
• 3 wells feed this pivot

Additionally, there are:

• Cattle Pens
• Bunk/Feeder Space
• Livestock well and trough

The ”DD Farm”

The western most pivot of the ”DD Farm” has:

• Valley, 6 tower pivot
• Nozzled at 200 GPM
• All 5 wells on this parcel are piped together to feed both pivots, and to water individually.

The eastern most pivot of the ”DD Farm”

• Valley, 6 tower pivot
• Nozzled at 200 GPM
• All 5 wells on this parcel are piped together to feed both pivots, and to water individually.
• Additionally there are a set of piped cattle holding pens in between the two pivots.

There is a significant amount of depreciable assets in pivots, wells, and fencing.

Organic Potential

The current owner has implemented rotational cattle grazing practices on his farm and has begun transitioning to organic. 2 of the 4 circles could be certified organic with the proper paper work. The seller has expressed the willingness to sign an affidavit for the next owner to attest to no synthetic use on these two circles to help facilitate the certification for the new owners.

​The ”Lazbuddie Farm”: ​The north circle could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.

​The ”DD Farm”: The east circle could be certified organic with the proper paperwork filled out. No pesticides, herbicides, or synthetics have been sprayed in the last 3 years.