Farming is not just a source of income or food in the Texas Panhandle– it’s a way of life. Whether you’re in food production or you’re looking to start a small farm for personal and recreational use, Moore County’s farmlands are a great investment. Let’s take a look at the most common types of farms in the Texas Panhandle.
Types of farms
- Irrigated farm – This type of farmland features manmade irrigation systems to adequately provide water requirements for agricultural purposes.
- Dry land farm – The opposite of an irrigated farm, dry land farms are characterized by the non-irrigation of cultivated crops. This type of land is usually found in semi-arid to arid areas that receive little rainfall.
- Hay farm – As its name implies, this type of farm is used for the cultivation of hay for various purposes, such as animal fodder.
- Cattle operation – Intended to raise cattle, this type of farmland usually comes with certain facilities, such as barns and specific equipment, that are often used in the industry. Some cattle operation farms are irrigated, with mineral and/or water rights, and fertile soil for the cultivation of crops.
- Farms with mineral rights – Although it’s not a typical practice, some sellers in Texas are ready to convey a portion or the whole percentage of the minerals found in the area. To make sure the land does contain minerals, get in touch with a professional landman to properly inspect the area.
- Equestrian properties – This type of property comes with horse-related facilities, such as horse stalls, a roping arena, land for grazing, and more. Significant acreage is common among equestrian properties.
Whether it’s for rural recreation or agricultural purposes, the following farm-buying tips will help you make smart decisions.
- Work with a REALTOR®with local expertise and knowledge
Working with a real estate professional with extensive knowledge on farm properties will significantly help the land buying process. This can be especially helpful for investors with limited knowledge of Texas Panhandle farms, what to look out for, how to finance the purchase, and more.
- Check the infrastructure and utilities
If the farm you’re interested in has existing structures, take the time to hire a professional inspector and even appraiser to get a clear idea of the farm’s worth. As with any rural property, make sure to ask about available utilities in the area, as well as community services such as trash pickup and road maintenance.
- Check local tax exemptions
Get in touch with the local tax assessor to find out whether you’re eligible for property tax advantages, or if there are existing tax exemptions on the property. This will help you reduce expenses as well as plan ahead if tax exemptions are already in place.
Start your farm in Moore County with the Real Estate Gals
Farmland in Moore County boasts plenty of investment opportunities. Contact us today at 806-930-8888 (Cheryl Clark) or 806-884-8769 (Jayme Clark) to learn more about your options in the area.