PRICE REDUCTION ON THIS LARGE ROW CROP FARM! Row crop farms are hard to find right now, but heres a good one, and it's priced at a 5% rate of return. Thats right, a 5% rate of return and theres lots of upside potential! Its a combination of three different farms located within a few miles of each other near what remains of the village known as Gaynor. The locations of the individual tracts offer good diversification across a relatively small geographic area. These farms are cash rented for the 2018 and 2019 farming seasons and will be available after that. 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.
Eckert 566 Acres Price: $2,012,717.77 Total or $3,556.04/Deeded Acre
Litle 180 Acres - Price: $678,831.00 Total or $3,771.28/Deeded Acre
Coleville 125 Acres Price: $477,893.33 Total or $3,823.14/Deeded Acre
FSA Information: See the following individual tracts for details. Improvements: The farm is unimproved except for the tile lines, terraces, fences and gates. Taxes/Taxable Acres: 2017 taxes were $1,985.51 on 861.03 taxable acres. Rental Status: All three tracts are rented to the same farmer through 2019. Year of 2018 is his second year. All farmland leases and CRP income of $3,215.00 (not counting hunting leases), bring in $127,936.50/year on 673.35 tillable acres. The balance of the farm is timber, ditches and other non-tillable (there are several ponds). 566 acre tract is still available at this time. It was cash rented for $10,000.00 last year. (Potential income not included in value calculations) Mineral Rights: The current owner is not retaining any of the mineral estate beneath the surface. Hunting: This timber makes for excellent hunting and the farms produce good steady hunt lease income each year. The 180 acre tract and the 125 acre tract are both rented for the 2018 through July 2019 hunting seasons. Hunting lease income totals $8,250.00 and the 566 acre tract is still available at this time. Total income is approx. $139,401.50.
The farm is a combination of three individual, non contiguous tracts. They are generally located in Northeastern Nodaway County, Missouri. See the plat book pages for more specific details.