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Major auction of irrigated farmland set for Texas Panhandle
Approximately 10,560 acres of farmland between Dumas and Dalhart will be offered at auction Thursday, March 26. Schrader Real Estate and Auction Company will market the property and manage the event, in cooperation with Paul A. Lynn & Associates LLC and Glenn Cummings Real Estate.
The land, including nearly 7,000 irrigated acres, will sell in 10 tracts ranging in size from 640 acres to 1,920 acres. The land is located in Hartley and Moore counties, approximately 15 miles northwest of Dumas and 20 miles southeast of Dalhart.
"The buyer or buyers of this land will have possession for the 2015 crop year, and those buying land with wheat currently planted will have the rights to harvest those crops," said Roger Diehm, who is managing the auction for Schrader. "These tracts include 21 irrigated circles, with excellent soils. This represents a significant opportunity for investors as well as area operators."
Bidders will be allowed to bid on individual tracts, any combination of tracts or the entire property, Diehm said. Online bidding will be available for bidders who register by one week before the auction date.
The auction will begin at 10 a.m. Thursday, March 26, at the Rita Blanca Coliseum in Dalhart. Schrader personnel will be available from 10 a.m. to noon Monday, Feb. 23, and Thursday, March 12 at the Dumas Hampton Inn to provide detailed information and accommodate inspections.