Acres - 424 more or less This property is in two separate fields which are both located close to Ridgeley, Tennessee. We are offering both tracts together for one price, but are willing to sell the tracts separately if the buyer would not want the whole farm. The soil is mostly sandy loam which makes this an excellent production farm. The property is also blessed with a very adequate water supply that will support beans, corn, wheat or cotton. In 2013 the separate tracts were planted in beans and brought $225 an acre crop rent. The farm is also well drained for crop production. While this farm has an outstanding performance history, Ray and Travis have several grading improvements planned that will increase crop yields while allowing for added crop diversity and better crop rotations. The 2014 crop plan includes all acres in corn. Approximately 380 acres are irrigated with 25 dry, leaving 11 in woods for hunting. There are four wells on the property, all are turbine. Ray and Travis will also improve the property by laser grading and enhancing crowns.
The two tracts are broken down as follows: Tract 1 - 95 acres turbine well - $548,800 or $5,600 p/acre (just signed a 3 year $166 cash lease) Tract 2 - 322 acres with 2 turbine wells and 2 pivots - $1,793,000 or $5,500 p/acre
424 +/- deeded acres 263 +/- irrigated acres 150 +/- dry land crop acres 11 +/- wooded acres for duck and deer hunting
We have a reputable farmer and a good crop sharing lease in place.