The Pearson Farm is located in the northwest-quadrant of Lubbock County, being approximately 3.5 miles west of Shallowater, Texas. Access is excellent, being by paved FM 2378 on the west, graded CR 1100 on the east and graded CR 5700 on the north.
Method of Operation:
According to the Lubbock County FSA Office, there are 450.6 acres currently enrolled in the Conservation Reserve Program (CRP), with the remaining 189.4 acres, more or less, being in native pasture. The land enrolled in the CRP is receiving an annual payment of $15,868, or $35.22/ac. (rounded). The CRP is in two separate contracts, with 339.4 acres expiring in 2023 and 111.2 acres expiring in 2026.
All of Section 37, Block P, Abstract 159, Lubbock County, Texas.
Improvements include a four (4) bedroom, two (2) bathroom house and several barns and outbuildings. These are older structures, but are currently being utilized by the landowner. Multiple irrigation wells are developed on this property. These wells have not been utilized in several years.
2015 Property Taxes:
The 2015 ad valorem taxes are $5,623; however, this property does not have an agricultural exemption at this time. The landowner has applied for an ag exemption which should significantly lower the amount of the annual taxes. The Pearson Farm is located in the Shallowater Independent School District.
$1,250 per acre.
The terrain varies from nearly level to gently rolling. Yellow House Draw meanders through this property, entering the north-central side and exits the southeast side. The entire tract is in a good stand of mixed grasses. Wildlife frequently seen on this property include mule deer, quail, pheasant and dove. If you are looking for an income producing recreational type property within 30 miles of Lubbock, this offering should fit your needs. For additional information, please contact Rusty Lawson.
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