FARMING, RANCHING AND CONSERVATION TRACTS ON NEW MEXICO AND TEXAS HIGH PLAINS
2518+/- ACRES (9 TRACTS)
LOCATED IN LAMB AND PARMER COUNTY, TEXAS AND ROOSEVELT COUNTY, NEW MEXICO

LIVE AUCTION DATE/TIME:

• Live Bidding begins on February 11th, at 10:00am Mountain Standard Time

AUCTION LOCATION:  Creighton’s Meeting Room, 1704 S. Ave D, Portales NM 88130

PROPERTY LOCATION: Multiple farms located in Lamb and Parmer County, Texas and Roosevelt County, New Mexico.  See Map Link for tract locations.

LEGAL DESCRIPTIONS: All legal descriptions are outlined in the Property Information Packets, under the Title Commitments and on Exhibit A.

MAP LINK: Silhan NM-TX Multi-tract Auction Map

PROPERTY INFORMATION PACKET (PIP) LINK:

SELLER'S CONFIRMATION: The property is being offered in a Public Auction, this is a reserve auction with all bids being subject to final approval and acceptance by Seller.

Auction Bidding Registration: Auction bidder hereby acknowledges that they must be properly registered for the auction by completing and signing the Auction Bidders Agreement, which will be sent by email via DocuSign or from the Broker/Auctioneer upon request. Upon completing this registration form and receiving approval, bidding privileges will be granted. If you need assistance with registration, you may contact Monty Edwards at (806)786-5426 or Scott Burton at (575) 760-8088 or by email at Monty@MEdwardsAuction.com or Scott@sburtonrealty.com. Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.

METHOD OF AUCTION: Live Public bidding beginning on the date, time, and location stated above.  The auction will be conducted using a Round Robin, Multi-Round Single Tract Format. All 9 tracts will be offered individually, one at a time.  Bidding will be accepted on each tract during the first round, but no tract will be declared sold until all rounds are complete.  After the first round of the bidding is finished, the auction will reopen, allowing bidders to return to any property and increase their bids.   Rounds will continue until no further advances are made.  All properties will be sold individually – no combination or group bidding.  This format is designed to ensure every bidder has a fair opportunity to raise their offer and secure the property they want.

PROPERTY INSPECTION: The property can be previewed by contacting the auction company at (806) 686-6371 (Texas Properties) or (575) 760-8088 (New Mexico Properties) or the Auctioneer(s) directly at (806) 786-5426 (Monty, Texas) or (575) 760-8088 (Scott, New Mexico). Buyer agrees to indemnify, defend and hold harmless property owner from any damages resulting from Buyer's preview of the property. Property previews are encouraged prior to placing a bid in the auction. There may be cattle in the pasture, so please keep all the gates closed while inspecting. Please do not drive in tall grass to avoid fire hazards. Direct all questions to the auction company.

All announcements made Auction Day supersede any prior oral or written statements. The Seller reserves the right to announce additional Terms and Conditions of the sale prior to or during the Auction.The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

TEXAS BROKER/AUCTIONEER: Monty Edwards, Broker of Record (TX#515752), United Country Real Estate- M Edwards Realty & Auction, Brokerage of Record (TX#9002391), Monty Edwards, Auctioneer (TX#18341).

New Mexico Qualified Broker/Auctioneer: Scott Burton, Broker of Record (REC-2024-0793), United Country Real Estate, Burton Realty & Auction

GENERAL DESCRIPTION:  This Auction offers bidders a diverse set of tracts including two Texas tracts in Lamb and Parmer County and seven New Mexico tracts in Roosevelt County.  With most of the tracts having farming and ranching possibilities along with a fair amount of the tracts also providing options for hunting, recreation and conservation, this is a well-rounded offering.

TRACT DESCRIPTIONS: 2518+/- acres offered in (9 TRACTS) with tracts 1, more specifically described as follows:

TRACT 1: 320 +/- deeded acres in Lamb County, Texas. The soil composition is primarily comprised of Olton loam, 0 to 1 percent slopes, also with substantial acreage of Amarillo fine sandy loam, 0 to 1 percent slopes, and  Amarillo fine sandy loam, 1 to 3 percent slopes, with some minor areas of Veal fine sandy loam, 1 to 3 percent slopes and low lying area of Randall clay, 0 to 1 percent slopes, occasionally ponded. There are some older irrigation wells on this property, but they are not currently in use.  This farm has good access with maintained county roads on the west (CR 129), south (CR 54), and east (CR 139) boundaries.  Farm is currently enrolled in Conservation Reserve Program on two different contracts.  The CRP contracts are available in the property information packet for review prior to bidding.

TRACT 2: 160 +/- deeded acres. The soil composition is dominated by Olton clay loam, 0 to 1 percent slopes with considerable amount of Pullman clay loam, 0 to 1 percent slopes as well.  Topography of farm is fairly flat with SW corner of farm being the highest point gently sloping to the NE corner.  There was at one time a radio transmission tower that was in the SW corner of the property and there is still the remnants of an old shed that was related to that. There is good access to the farm with maintained county roads on the north (CR K1) and west (CR 10) property boundaries. Farm is currently enrolled in Conservation Reserve Program.  The CRP Contract is available in the property information packet for review prior to bidding.

TRACT 3: 158.136 +/- deeded acres. The soil composition is comprised of primarily of Midessa fine sandy loam, 0 to 1 percent slopes, Amarillo loamy fine sand, 0 to 3 percent slopes, Potter soils, 3 to 20 percent slopes, Arvana fine sandy loam, 0 to 1 percent slopes, Portales very fine sandy loam, 1 to 3 percent slopes with minor areas of Posey fine sandy loam, 0 to 1 percent slopes, Portales very fine sandy loam, 0 to 1 percent slopes, Drake soils, 1 to 8 percent slopes, and Kimberson and Stohman soils, 0 to 5 percent slopes.

TRACT 4: 159.570 +/- deeded acres.  The soil composition of this tract is mostly Amarillo loamy fine sand, 0 to 3 percent slopes, with minor amounts of Arvana loamy fine sand, 1 to 5 percent slopes, Arvana fine sandy loam, 0 to 1 percent slopes, and Midessa fine sandy loam, 0 to 1 percent slopes.

TRACT 5: 54.00 +/- deeded acres. The soil is primarily comprised of Arvana fine sandy loam, 0 to 1 percent slopes and Amarillo fine sandy loam, 0 to 1 percent slopes with smaller areas of Amarillo loamy fine sand, 0 to 3 percent slopes.

TRACT 6:  478.880 +/- deeded acres. The soil is primarily comprised of Amarose fine sandy loam, 1 to 3 percent slopes, Amarose loamy fine sand, 0 to 3 percent slopes, Ratliff fine sandy loam, 0 to 3 percent slopes, Amarose fine sandy loam, 0 to 1 percent slopes, with some areas also comprised of Elida fine sand, 1 to 5 percent slopes, and Delphos loamy fine sand, 0 to 3 percent slopes.

TRACT 7:  320.00 +/- deeded acres. The dominant soil types on this tract are Amarillo loamy fine sand, 0 to 3 percent slopes and Arvana fine sandy loam, 0 to 1 percent slopes with other areas have soil compositions of Acuff very fine sandy loam, 0 to 1 percent slopes, Arvana loamy fine sand, 1 to 5 percent slopes and Sharvana fine sandy loam, 0 to 3 percent slopes.

TRACT 8:  240.00 +/- deeded acres. The dominant soil type on this tract is Amarillo loamy fine sand, 0 to 3 percent slopes with other soil types of Gomez loamy fine sand, 0 to 3 percent slopes, and Amarillo fine sandy loam, 0 to 1 percent slopes.

TRACT 9:  627.560 +/- deeded acres. The soil composition is chiefly Amarillo fine sandy loam, 0 to 1 percent slopes and Midessa fine sandy loam, 0 to 1 percent slopes with minor amounts of Posey fine sandy loam, 1 to 3 percent slopes and Amarillo fine sandy loam, 1 to 3 percent slopes.

FSA INFORMATION:  All FSA information is provided as a courtesy from the Lamb County, Parmer County, Texas Farm Service Agency and Roosevelt County, New Mexico Farm Service Agency. To view (or download) the FSA info and the 156EZ reports on each farm, go to the auction website or review material in the Property Information Packet.

SURVEY: In the event any purchased tract requires a survey to determine the legal description for title insurance, the cost of the survey will be paid by the seller.  Any additional survey desired by the buyer will be at the buyer’s sole discretion and cost. In the event said survey identifies a variance between the advertised and surveyed acres, the purchase price will be adjusted on a per acre basis.

POSSESSION: Possession of the properties shall be given upon payment in full of the purchase price and transfer of title at closing. Possession of the properties shall be given upon payment in full of the purchase price and transfer of title at closing.  BUYER also acknowledges and understands the PROPERTY offered for sale in this AUCTION may be or is subject to existing Leases or Subleases and may also have growing crops located thereon and the PROPERTY is being sold subject to those currently existing Leases and/or Subleases and the BUYER  of that PROPERTY  is purchasing the PROPERTY subject to the terms and conditions of those existing Leases and Sub-leases, and subject to any Growing Crops that will be harvested from the  PROPERTY at that crop’s normal harvest season, notwithstanding any sale and purchase of that PROPERTY.

TAXES: The current year’s taxes will be prorated to the day of closing.  All previous year’s taxes will be paid by Seller.

MINERALS AND OTHER TITLE RESERVATIONS AND/OR SPECIAL PROVISIONS: Attached hereto as Exhibit(s) E, are materials specifically related to reservations or special provisions that will be a part of the purchase contract to be executed in compliance with Section 8 of the Auction Bidders Agreement.  Buyer acknowledges receipt of such Exhibits and specifically consents to the inclusion of such reservations and special provisions in the purchase contract.

PERSONAL PROPERTY: Any livestock or farm equipment, hunting equipment, and personal property currently located on the farm does not sell and may be removed prior to closing and possession. The irrigation systems (well equipment, pumps, pivots) outlined above in the tract descriptions will remain with the property it is situated on. 

AUCTIONEERS NOTE: This unique offering brought by the Silhan family boasts a variety of locations and types of uses. Most of this land has not been on the market for decades.  With good soil and gentle topography, these farms should be well suited for a variety of uses.  While it is getting harder to find decent size tracts of land, this auction will afford folks the opportunity to buy some decent size tracts with good accessibility, while also offering some single average to smaller tracts as well.  Be sure to contact Monty Edwards in Texas, (806)786-5246 and Scott Burton in New Mexico, (575)760-8088 to get more information or schedule a property preview. 

SELLER: The Charley Silhan Revocable Trust

THIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING.

 I ___________________________________________________________ (Buyer) agree to immediately enter into a Purchase Contract if I am declared the high bidder (winning bidder) by the auctioneer during the following auction:

Description of Land (Full legal descriptions in Title Commitment).

Legal Description: See Exhibit A

Auction Date/Time:

o   Live Bidding begins on February 11th, 2026 starting at 10:00am Mountain Standard Time

Location of Live Auction: Creighton’s Meeting Room, 1704 S. Ave D, Portales NM 88130

By signing below, I agree that I have read and fully understand the Auction Bidders Agreement and the Terms and Conditions of this auction.

I fully understand and agree that an Auction Bidders Agreement MUST be signed and returned to the auction company, prior to being allowed to bid in the Auction.  As a bidder, it is solely my responsibility to contact the auction company(s) at (806)686-6371 (Texas Office) or (575)760-8088 (New Mexico Office) or the Auctioneer(s) directly at (806)786-5426 (Monty Edwards, Texas) or (575)760-8088 (Scott Burton, New Mexico) with any questions regarding the auction, purchase agreement, or terms & conditions, prior to placing any bids in said auction. 

Auction Terms & Conditions

1)    Seller’s Confirmation: The property is being offered in a Public Auction, this is a reserve auction with all bids being subject to final approval and acceptance by Seller. 

2)     Auction Bidding Registration: Auction bidder hereby acknowledges that they must be properly registered for the auction by completing and signing the Auction Bidders Agreement, which will be sent by email via DocuSign or from the Broker/Auctioneer upon request. Upon completing this registration form and receiving approval, bidding privileges will be granted. If you need assistance with registration, you may contact Monty Edwards at (806)786-5426 or Scott Burton at (575) 760-8088 or by email at Monty@MEdwardsAuction.com or Scott@sburtonrealty.com. Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company. 

3)     Auction Format Description: Advanced Online bidding shall be opened as indicated above accompanied with Live Public bidding beginning on the date, time, and location stated above.  The auction will be conducted using a Round Robin, Multi-Round Single Tract Format. All 9 tracts will be offered individually, one at a time.  Bidding will be accepted on each tract during the first round, but no tract will be declared sold until all rounds are complete.  After the first round of the bidding is finished, the auction will reopen, allowing bidders to return to any property and increase their bids.   Rounds will continue until no further advances are made.  All properties will be sold individually – no combination or group bidding.  This format is designed to ensure every bidder has a fair opportunity to raise their offer and secure the property they want.

4)     Agency Disclosure: The Broker/Auctioneers are acting exclusively as the agent for Seller in this transaction and is to be paid a fee by Seller pursuant to a separate written agreement between Seller and Broker/Auctioneer. The Broker/Auctioneer is not acting as agent in this transaction for the Buyer. Any third-party broker is not a subagent of Broker/Auctioneer. 

5)     Property Preview and Inspection: Broker/Auctioneer strongly recommends that prospective Bidder(s) personally inspect the Property prior to the Auction. It is the sole responsibility of the Bidder to:

The property can be previewed by contacting the auction company at (806) 686-6371 (Texas Properties) or (575) 760-8088 (New Mexico Properties) or the Auctioneer(s) directly at (806) 786-5426 (Monty, Texas) or (575) 760-8088 (Scott, New Mexico). Buyer agrees to indemnify, defend and hold harmless property owner from any damages resulting from Buyer's preview of the property. Property previews are encouraged prior to placing a bid in the auction. There may be cattle in the pasture, so please keep all the gates closed while inspecting. Please do not drive in tall grass to avoid fire hazard. Direct all questions to the auction company.

6)     No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing. By placing a bid in this auction, bidders are making a “cash offer” to purchase the property and financing is NOT a contingency in the purchase agreement.

7)     Buyer’s Premium: A 5.0% Buyer’s Premium shall be added to the final bid price placed online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Purchase Price for which they are obligated to pay for the property.

8)     Purchase Contract: Winning bidder hereby agrees to enter into a Contract to Purchase the property immediately upon being notified of the Seller’s acceptance of their winning bid. Upon the close of the auction and acceptance of winning bid the successful bidder will sign in person or if a phone in bidder will be forwarded via email the Auction Real Estate Sales Contract to purchase the property. A signed copy of the Auction Real Estate Sales Contract must be received by the Auction Company(s) (United Country Real Estate - M. Edwards Realty & Auction or United Country Real Estate – Burton Realty & Auction) within 24 hours from the time said Purchase Contract was sent to the winning bidder. The Auction Real Estate Sales Contract may be (hand delivered, faxed, or scanned and emailed).  A copy of the Auction Real Estate Sales Contract is available for review online prior to placing any bids in the auction.     

9)     Down Payment/Earnest Deposit: A non-refundable down payment of Ten Percent (10%) of the total contract purchase price will be wire transferred or hand delivered in the form of certified funds to the Title Company no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing. 

10)  Closing:
For Properties located in Texas, the Closing shall be on or before March 11, 2026.  Closing shall take place at Rowe Abstract & Title Company located at 306 Phelps Avenue, Littlefield, TX 79339 Closing Agent is Bridgette Thompson and her phone number is (806)385-4420, email is titlework@roweabstract.com.

For Properties located in New Mexico, the Closing shall be on or before March 11, 2026.  Closing shall take place at Aztec Abstract & Title Insurance, Inc. located at 708 S. Avenue C, Portales, NM 88130 Closing Agent is Kristen Nichols and her phone number is 575-359-2132, email is k.nichols@aztectitlenm.com

Out of state buyers will be afforded the opportunity to close remotely.

11)  Easements and Leases: The sale of the property is subject to any and all easements filed of record and any and all leases. 

12)  Minerals and Other Title Reservations and/or Special Provisions: Attached hereto as Exhibit(s) E, are materials specifically related to reservations or special provisions that will be a part of the purchase contract to be executed in compliance with Section 8 hereof.  Buyer acknowledges receipt of such Exhibits and specifically consents to the inclusion of such reservations and special provisions in the aforementioned purchase contract.

13)  Survey: In the event any purchased tract requires a survey to determine the legal description, the cost of the survey will be paid by the Seller. The type of performed shall be at the Seller’s option and sufficient for providing title insurance. If the same buyer or entity purchases two (2) adjoining tracts and no interior survey is required to separate said tracts, then any additional survey desired by the buyer will be at the buyer’s sole discretion and cost.  All advertised acreages are approximate and have been estimated based on current legal descriptions.

14)  Possession: Possession of the Property shall be delivered at Closing, subject to those matters contained in the Deed, Title Commitment and the Sales Contract (See Exhibit A for specific individual tract possession stipulations).

15)  Title: Seller shall provide a Preliminary Title Commitment for the property being sold. Seller shall pay for the issuance of the Title Policy for the property being sold and transferred. Seller shall execute a Special Warranty Deed conveying the property to the buyer(s).

16)  Taxes: Seller shall pay any previous year’s taxes (if due), and the current year’s real estate taxes shall be prorated to the date of closing.

17)  Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country Real Estate – M. Edwards Realty & Auction, Broker of record, Unted Country Real Estate – Burton Realty & Auction or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the bidding platform and lock in their maximum bid amount or attend the live auction in person, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and/or to maintain a fair and impartial bidding environment.

18)  Broker Participation: Contact the Broker/Auctioneer to request broker registration information.

19)  Equal Opportunity: All bidding is open to the public which meets the Sellers registration qualifications and approval. The Property is available to qualified Bidders without regard to a prospective Bidders race, color, national origin, religion, sex, familial status, or physical handicap. 

20)  Miscellaneous:
All decisions of the Broker/Auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding, tie bids, and any other matters that may arise before, during, or after the Auction. Seller reserves the right to deny any person admittance to the Auction or expel anyone from the Auction who attempts to disrupt the Auction.

Property in whole or part is subject to sale prior to auction day.

Bidders are given notice that the Auction may be video/audio recorded and photographed.

Broker/Auctioneer reserves the right to accept or reject offsite bidding via the internet, by telephone or by written bid. 

All announcements made Auction Day supersede any prior oral or written statements. The Seller reserves the right to announce additional Terms and Conditions of the sale prior to or during the Auction.

The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

Texas Broker/Auctioneer Monty Edwards, Broker of Record (TX#515752), United Country Real Estate- M Edwards Realty & Auction, Brokerage of Record (TX#9002391), Monty Edwards, Auctioneer (TX#18341).

New Mexico Qualified Broker/Auctioneer Scott Burton, Broker of Record (REC-2024-0793), United Country Real Estate, Burton Realty & Auction

In compliance with TDLR rule 67.100(c)(1), notice is hereby provided that this auction is covered by a Recovery Fund administered by the Texas Department of Licensing and Regulation, P.O. Box 12157, Austin, Texas 78711, and the phone is (512) 463-2906. Any complaints may be directed to the TDLR at the same address.  

21)  Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice.  There are no warranties either expressed or implied pertaining to this property. BUYER also acknowledges and understands the PROPERTY offered for sale in this AUCTION may be or is subject to existing Leases or Subleases and may also have growing crops located thereon and the PROPERTY is being sold subject to those currently existing Leases and/or Subleases and the BUYER  of that PROPERTY  is purchasing the PROPERTY subject to the terms and conditions of those existing Leases and Sub-leases, and subject to any Growing Crops that will be harvested from the  PROPERTY at that crop’s normal harvest season, notwithstanding any sale and purchase of that PROPERTY.REAL ESTATE IS BEING SOLD "AS-IS, WHERE-IS" WITH NO WARRANTIES EXPRESSED OR IMPLIED. Please make all inspections and have financing arranged prior to the end of bidding. The property is available for and subject to sale prior to auction. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved and confirmed by Seller.