Description

Morgan Farm is 323.78 acres of productive farm and grazing land with very light tree cover and hearty native grasses. The ranch is located six miles west of Olney, Texas, on the corner of B Stowe and Schlegel Road. The farm has flat terrain throughout  with about ten foot of total elevation from  west  to east. Due to the oil and gas operational revenue and the ability to run cattle, this property is primarily used for producing income. There is little to no cover on the property with the exception of the areas around the ponds and the seasonal draw. This creates pockets of habitats favoring dove, varmints and feral hogs. There is an old barn in the center of the farm that could be re-built as most of the wood is in good shape.  To the south of the barn, there is a water spout (Baylor Water Supply) that can be used for watering livestock during dry seasons or to supply to a future farmhouse.  Morgan Farm is competitively priced at $1,495 per acre. 

COVER

• Tree Cover--Sparsely wooded, mesquite and hackberry
• Under Brush--Light cover; broomweed, lotebush, prickly pear, tasajillo
• Native Grass--Currently leased

WILDLIFE

• Deer, duck, and dove
• Turkey, hog, quail, and Sandhill Crane
• Not currently leased for hunting

WATER FEATURES

• 2 Tanks/Ponds
• 1 Seasonal draw

IMPROVEMENTS

• Completely fenced with barbed wire--good to great condition
• Electricity on the property
• Baylor Water Supply Corporation, water meter on property

MINERALS

• Numerous active and inactive oil wells
• Some minerals negotiable

ACCESS

• Schlegel Road--rock/caliche
• B Stowe Road--rock/caliche
• Gated entrance

DISTANCES

• 6 miles west of Olney
• 7 miles southeast of Megargel
• 14 miles northwest of Newcastle
• 30 miles northwest of Graham
• 40 miles southwest of Wichita Falls
• 80 miles northwest of Weatherford

Listing Agent: Heath Kramer (940) 456-0575

No Trespassing. Please contact a Campbell Farm and Ranch team member for a showing. Campbell Farm and Ranch welcomes all cooperating agents and brokers. Cooperating agents and brokers must make first contact with the listing agent and be present at all showings to fully participate in commission split. The information contained in this advertisement is understood to be accurate and reliable but is not guaranteed. Please verify all information before using the information for decision-making purposes.