Barrett Farm ±1,100 Acres, Canyon, TX 79015

Barrett farm is an expansive 1,100-acre farm, located just south of Canyon, TX. Offering 2.9 miles of road frontage along FM 1705, W Hungate Rd & S Soncy Rd, making it highly accessible with great visibility. The property features 600 acres of dryland ground (currently planted to wheat) and 500 acres of CRP grassland, perfect for ag & livestock use. Improvements include two windmills and perimeter fencing, making it an ideal setup for wheat pasture calves.With no zoning or restrictions, the farm offers an ideal blend of farming, ranching, and investment potential. Estimated annual taxes with exemptions are $1,396.45. Half of all the owned the mineral estate will be reserved, but is negotiable with the sales price. All wind and solar estate will convey with the sale. All non-realty items will be excluded.CRP Information: 239.2 acres of grass are currently enrolled in a Conservation Reserve Grassland Program and brings $20 an acre annually ($4,784.00). This program requires that 1/3 of the grass, must rest for 90 days, during the grow season, once every 3 years. With that, you can either rest all 239.2 acres of the grass once every 3 years, or you can rest 1/3 of it every year. The 15 year contract was signed up in 2021 and is currently set to expire in 2036. With an acceptable offer, the sellers are willing to pull the CRP out at closing. (To be negotiated with the sales price)