|Cropland Acres:||Contact seller|
DescriptionThe property is located in Webster County, GA, less than 3 miles north of Weston and about 5 miles south of Preston. Distances to other nearby cities are as follows: Americus 25 miles northeast, Eufaula, GA 46 miles west.
Irrigated land acres 1,185
Dry land acres: 249 - including dry farmed corners around pivot
Fenced Acres: 1,500
Cleared woodland acres: 70 (not included in dry land acres)
40 /- acres: roads, equipment sheds, barns, houses
o 143 acres of 88 planted pines. Estimated value: 143 x 1200 = $171,600
o 284 acres heavily thinned planted pines. Estimated value: 284 x 250 = $71,000
o Mixed pine and hardwoods: 40 acres: Estimated value: 40 x 800 = $32,000
o Mature hardwood: 219 acres. Estimated value: 219 x 800 = $175,200.
o Total Timbered Acres: 686.
o Total Timber Value Estimate: $449,800
Pecan grove acres: 8.6 acres. Value: 0
Ponds: total of six, acres of each - 13.46, 14.84, 16.46, 12.88, 6.55, and 3.58. Total irrigation pond acres: 67.77. Pond value: $241,500
Irrigation wells: One 6 pump with 536 gpm is located at Tract 3, south of Hwy 41, and pumps into a pond. Two 4 wells are located at Tract 2, north of Hwy 41, and two 4 wells are located at Tract 1, north of Centerpoint Road, they pump into Lake Doris. A third well is permitted there and will be completed. Three pivots are 1980s models the balance are 1970s all are Zimmatic. Water has been sufficient for crop needs in the past.
Diesel motors: eight diesel motors are in use. Three new electric motors were installed then subsequently replaced with diesel after Sumter Electric EMC added new unexpected fees along with service interruptions. The new motors are in a barn on the property. Wiring is in place to run 5 pivots and their associated wells. Sumter EMC has since made their rates more economical.
Homes: there are three modern homes on the land occupied by the owners family, along with one older house. The new homes are valued at $200,000 each. They prefer to sell the homes with the land. The asking price would include the homes. Home values: $650,000
Yields: year before last the farm produced a peanut crop of 5,985 pounds per acre. That would rank the production in line with the best production in the SW Georgia.
Last year it produced 5,700 pounds. In the farm year before last the farm produced $750,000 in gross profit on its cattle operation, with 75 cents per pound of gain and 1000 pounds of gain per acre.
The irrigated land is valued at $4,500 an acre and the rest $1,500 per acre. That would total $5,332,500 for the irrigated land and $1,682,085 for the balance of the land, a total of $7,014,585 or $3,041 per acre for the land alone. Plus $650,000 for the houses for a total of $7,664585 or $3,323 per acre for 2,306 acres and three modern homes. Additional assets are listed below are timber value, pond values and shop and barns values.
- Land values: $7,014,585
- Timber values: $449,800
- Pond values: $241,500
- House values: $650,000:
- Shop and barn values: $150,000
- Total value: $8,505,885 or $3,688 per acre.