DRASTIC PRICE REDUCTION ON THIS LARGE ROW CROP FARM!
This farm was priced at over $4.5 million two years ago when it was rented for $300/acre, but that renter went south and took the value with it. So what a buyer ends up with now is a good farm with a lot of upside potential!!!!!
Row crop farms are hard to find right now, but heres a good one, and its priced at a 4.5% rate of return. Thats right, a 4.5% rate of return! And theres lots of upside potential. Its a combination of four different farms located in Northeast Nodaway County Missouri beginning west of the town of Sheridan and running westward almost to the town of Elmo. These farms are cash rented for the 2016 farming season and will be available after that. The locations of the individual tracts offer good diversification across a relatively small geographic area. The farms are all in good condition and will make someone a good investment over the years. In addition there are good hunting opportunities each individual tract. Most of the conservation work has been done and this investment will produce a good rate of return year in and year out.
FSA Information: See the following table for the FSA information
Improvements: The farm is unimproved except for the tile lines, terraces, fences, gates.
Real Estate Taxes/Taxable Acres: There are 944 taxable acres and the total taxes are approximately $2,919.25
Rental Status: All the tracts are rented to the same farmer for 2016. This is his second year. All the leases and CRP income (not counting hunting leases), bring in $153,421.00/year on 800.39 tillable acres. This number was based upon known tillable acres for the farms. Extensive clean up work has been done on the 566 acre tract and the tillable acres on that tract next year will increase by approximately 25 acres (the farmer gets to farm it for free the first year in production).
Mineral Rights: The current owner is not retaining any of the mineral estate beneath the surface.
Hunting: Leases are being negotiated at this time for 2016-2017
Location: The farm is a combination of five individual, non contiguous tracts. They are generally located in Northeastern Nodaway County, Missouri. See the plat book pages for more specific details.
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