This 326 acre farm was established in native grasses under the USDA CRP program 7 years ago, and is part of the South Dakota Walk In Hunting program through the remainder of the CRP contracts. With a net income of $38,000, the rate of return on this property is 3.5% at the asking price, making it a great investment. When the CRP contracts expire, the land can be farmed or possibly re-enrolled in the South Dakota Walk In Hunting programs and/or USDA programs. Mid-term management for the current CRP contracts have already been completed. Very little maintenance should be required on this farm, making it perfect for investment purposes. There is also a 15 acre building site in the southwest corner of the farm, located a short distance from Highway 50, that is not part of the CRP or South Dakota Walk In Hunting program. If you are looking for a great property as an investment, look no further. Call Jim Shaeffer to schedule your private showing today!
Property Features -326 +/- acres -Clay County, SD -311 acres currently enrolled in CRP and South Dakota Walk In Hunting Program -Located 10 miles NW of Vermillion, SD just north of Highway 50 -One 15 acre building site available now -Great farming potential -Excellent Native Grass Establishment -Excellent investment property with current 3 1/2% Rate of Return at the Asking Price
From Vermillion, head west on Highway 50 approxiimately 10 miles to the corner of 312th St. and 454th Ave. Turn right on 454th Ave, cross the railroad tracks, and the property is located on your right.