Fennell Farms Retirement Auction
VERTICALLY INTEGRATED HYBRID GRAZING/CATTLE FEEDING AND FARMING OPERATION.
3,004 +/-ACRES (11 TRACTS)
AUCTION DATE / TIME: Thursday, July 14th @ 10:00am
AUCTION LOCATION: Bailey County Civic Center, 2206 W American Blvd, Muleshoe, TX 79347
AUCTION INFORMATION: All of the information for this live auction event can be found online by going to www.TXFarmRanchAuction.com
PROPERTY LOCATION: Multiple farms located just outside of Earth, Texas. See website for tract locations.
LEGAL DESCRIPTIONS: All legal descriptions are outlined in the Property Information Packets, under the Title Commitments. Select tracts may require survey to produce a legal description, prior to closing.
METHOD OF AUCTION: Multi-parcel auction which allows buyers to bid on a single tract, combination of tracts, or the entire offering.
PROPERTY INSPECTION: The property can be viewed by appointment, contact the auction company to schedule a showing at 806-786-5426 or 806-686-6371.
GENERAL DESCRIPTION: This versatile and unique opportunity is a vertically integrated hybrid grazing/cattle feeding operation while still being a fully functional, modern farming/ranching operation. Years of development and improvement have led to a fully functional and innovative operation that includes a beautiful well-established homestead and headquarters facility. The innovation of the owners has created a collection of independent feeding/grazing/farming units that could truly function and operate as excellent individual operations but can also support each other through the benefit of resource sharing, close-proximity, and economies of scale. Overall, the soils on this land are some of the more desirable and versatile soils present in the county and region and are well suited for Irrigated and Non-Irrigated practices. All the Pivot Irrigation Systems are equipped with AgSense Systems (subscription required) with minimum of monitoring and stopping control. The Valley systems or systems with Valley Panels have full control functionality. Each Cattle feeding facility has independent livestock watering systems with dedicated well(s) and all the facilities have Sadler Concrete Bunks. Each of the processing areas are equipped with working chutes and the loading facilities are set up to move cattle in and out with ease.
TRACT DESCRIPTIONS: 3,004+/- acres offered in (11 TRACTS).
FSA INFORMATION: All FSA information is provided as a courtesy from the Lamb County, Texas Farm Service Agency. To view (or download) the FSA info and the 156EZ reports on each farm, go to the auction website.
SURVEY: In the event any purchased tract requires a survey to determine the legal description, the cost of the survey will be paid by the seller. If the same buyer or entity purchases two (2) or more adjoining tracts and no survey is required to separate said tracts, then no survey will be provided by the seller. Any survey of adjacent tracts purchased in a combination will be for the perimeter only. Any additional survey desired by the buyer will be at the buyer’s sole discretion and cost. In the event said survey identifies a variance between the advertised and surveyed acres, the purchase price will be adjusted on a per acre basis.
POSSESSION: Possession of the properties shall be given upon payment in full of the purchase price and transfer of title at closing, with exception to the following:
- TRACT 5: possession of the home shall be given on or within 60 days of the closing date, subject to the seller paying a cash rent to the buyer, at a rate of $1,000 per/month.
- TRACT 10: possession shall be given upon completion of harvest of the currently growing corn crop.
TAXES: The current year’s taxes will be prorated to the day of closing. All previous year’s taxes will be paid by Seller.
MINERALS: All mineral rights owned by sellers (if any) shall transfer with the surface.
PERSONAL PROPERTY: Any livestock or farm equipment, hunting equipment, and personal property currently located on the farm does not sell and may be removed prior to closing and possession. The irrigation systems (well equipment, pumps, pivots) outlined above in the tract descriptions will remain with the property it is situated on.