Here is a very nice income producing tillable tract located approximately 8 miles west of Memphis, this farm features approximately 70 acres of prime bottom land and 115 acres of upland tillable that is planted to corn for 2016. The balance of the farm is in timber and brush. This Farm is currently being cash rented by a large farm operation for $205 per acre cash rent. Cropland is open for negotiation for the 2017 crop year. There is an additional $3000 income from a hunting lease in place on the farm for a total combined income of $40.925, this reflects a rate of return on investment of 4%. This farm is in excellent condition and well kept, owner of the farm has taken very good care of the property. If you are looking for a row crop farm with a nice return on investment, call today to schedule a private showing!
Property Features:
- Very nice tillable farm with hunting, located 8 miles ...
- Very nice tillable farm with hunting, located 8 miles west of Memphis Mo
- Farm consists of 185 acres tillable land and balance in timber and brush
- Approximately 70 acres of the tillable land is prime bottomland. Balance is upland tillable
- All the tillable planted to corn for 2016
- Farm rented for $205 per acre in 2016, farm is open for negotiation for 2017 crop year. Crop rental income $37,925
- Hunting lease in place on the farm for additional $3000 income
- Total farm income for 2016 is $40,925. This reflects a rate of return of 4% at list price
- Property accessed from gateway on the south end, there is a good road through the farm to the North
- Water and electricity available on the property
- Excellent deer and turkey hunting
- Nice stocked pond on the south end of the property
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