160 acres, Stegall CRP Grassland

Welcome to a unique offering in the heart of Bailey County, Texas 160 acres of pristine native grassland, meticulously managed under the Conservation Reserve Program (CRP). This remarkable property not only preserves the natural beauty of the region but also delivers a substantial annual income of $7,606. Whether you're an investor seeking reliable returns or an individual looking for a serene parcel with financial benefits, this $1,151/acre property is an outstanding find. --Location and Access-- The parcels is located in the western part of Bailey County of the Texas High Plains. The parcel is about 30 miles SW of Muleshoe, Texas: (pop: 5,054), the closest town. Portales, NM (pop: 11,973) is a 35 minute drive to the NW. Lubbock, TX (pop: 263,930) is a 1 hour, 15 minute drive SE of the property which houses an international airport.This quarter section parcel has CR 31 frontage (dirt) on the eastern boundary, and is only 0.5 miles off paved FM 298. Grulla Wildlife Refuge is 6.8 miles as a crow flies from the parcel. The land comprises of a quarter Section (160.57 acres), with a survey in hand. --Overall Property Description-- The land lays well is mostly level with minimal contour. The elevation ranges from the highest point of 4070ft to 4060 ft at the lowest. A majority of the soils consist of a fine sandy loam. The detailed soil report can be downloaded below. The land has no wetlands. The land is open with very to few view obstructions. The land has a mix of established native grasses such as sideoats grama, switchgrass, sprangletop, buffalo grass, and bluestem. --Wildlife & Hunting-- Due to the rural nature of the property, and proximity to 2 wildlife refuges, the property hosts excellent hunting for: Mule Deer, Antelope, Blue (Scaled) Quail, and Dove. Both parcels are located in Unit 46 Panhandle Pronghorn Herd enabling the new landowner to apply for antelope hunting permits. Mule deer are also abundant in the area. Occasional whitetail deer are seen in the area too. For those with interest in predator hunting, coyote are abundant. The neighboring property has has award winning antelope and mule deer harvested year after year. --Conservation and CRP-- Of the 160.572 acres offered, 160.53 acres are actively enrolled in the CRP program, for a combined annual income of $7,606. "West 80" CRP contract details: Acres for enrollment: 82.23 Rental Rate Per Acre: $47.42 Annual Payment: $3,899 Expires: 9-30-2026 Contract Details: Texas Mixed Grass SAFE "East 80" CRP contract details: Acres for enrollment: 78.30 Rental Rate Per Acre: $47.34 Annual Payment: $3,707 Expires: 9-30-2026 Contract Details: Texas Mixed Grass SAFE --Minerals, Energy, & Water Rights-- Minerals: Mineral rights reserved by seller. Wind: Seller owns 100% of the wind rights and will convey. The property lays in between two windfarms, the Sagamore Wind Farm in NM and the Blue Cloud Wind Farm. Water Rights/ Wells: The owner owns 100% of the water rights which will transfer to the new owner. There are currently no wells on the properties. The properties are both located in the High Plains Underground Water District. --Utilities-- The closest electricity is located on FM 298 0.5 miles away. --Miscellaneous-- Parcel ID #: 14626, 14627 County: Bailey Estimated Annual Taxes: $842.34 Ag Exemption: Yes Legal Description: Download "Exhibit A" School District: Sudan ISD Survey: Yes, contact broker Zoning: Agricultural Zip Code: 79371 Broker Remarks Pricing This is a great opportunity to own a large amount of rural acreage for excellent hunting, passive income which outperforms most money markets, and even grazing/farming in the future for a very reasonable price. This parcel is offered at just under $1,151/acre, or $184,950 We thank you for you time and for review of these two parcels. If we can answer any questions, you may call or text: Corey Zant, Broker/Owner: 806- 853-SELL (7355) or email corey "at" veritaslandco dot com