7/31 182± Acre Farm in Delta County, Texas

Auction Location: FM 904 ES, Pecan Gap, TX 75469
Live Onsite With Online Bidding

Auction Date / Time

Friday July 31st 1:00 PM

182± Acre Farm in Delta County, Texas

Auction Location Onsite & Online

FM 904 ES, Pecan Gap, TX 75469
Bidding Onsite, Online, Acreage

Friday July 31st 1:00 PM

Buyer’s Premium: 10%

Directions to Farm FM 904. Four Miles South of Pecan Gap

Auction Details

Online Bidding will start Monday July 13, 2020 T 9:00 AM and will continue thur live auction on July 31, 2020 at 1:00 PM.

Property Details

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.

Legal Description 0011 J ASHLEY, TRACT 2, ACRES 182.0
Possession At time of Closing/Funding
Closing Monday August 31,2020
Earnest Money 5% of Total Sales Price
Farm Lease Yes

Seller: Shelly Coulter Trust

Brent Graves, Auctioneer/Broker

Work: (254) 965-4040

Cell: (254) 459-1111

Email: [email protected]

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Troy Lippard