North of Hobbs just outside the city limits NE of Humble City. Property consists of 157 +/- deeded acres with 153.66 water rights. Property has two irrigation wells drilled to the red bed; each producing over 1,000 GPM. Farmland has been in production the last 20 years growing chilli, cotton and corn. It previously grew alfalfa and produced over 10 tons per acre annually. The Property/Farmland is currently being leased. Property is excellent location for residential or commercial development with 3 phase power on property.