Auction Information
Smith Family Farm
The Smith Family farm is an agricultural commodity production property consisting of 235.3 total acres located in Craighead County, Arkansas. State Highway 226 bisects the western third of the farm, and US Highway 49 forms the southern boundary of both tracts. According to the Craighead tax assessor, there are approximately 158.2 acres east of State Highway 226 and approximately 77.1 acres west of State Highway 226. Flemon Road, an asphalt county road, forms the northern boundary of the farm. Wilkinson Drive, an asphalt city road, forms the eastern boundary. The southwest corner of the Jonesboro city limits is at the intersection of US Highway 49 and State Highway 226. With that said, the east tract is located within the city limits, and both tracts are within the Valley View School District.
According to the Farm Service Agency (FSA) office there are 219.3 cropland/tillable acres. All ...
According to the Farm Service Agency (FSA) office there are 219.3 cropland/tillable acres. All of the tillable acreage is irrigated by one ten (10) inch electric turbine well located on the northeast corner of the east tract. The farm is rented to Mr. Kenny Hendrix on a verbal 75/25 crop share agreement with 25% of the gross production going to the landowner, with no expense share. The tillable acreage consists of all Class II soils which is a highly sought after soil due to the soil being able to grow corn, rice, soybeans, or cotton.
The Smith Farm offers an exceptional opportunity for the residential and commercial developer. This immediate neighborhood has experienced significant growth residentially over the past 10 to 15 years. As noted herein, the property is located within the highly desired Valley View School District and all utilities are located along the property boundaries, available for relatively inexpensive extension for development.
All bids must be received at the offices of Lile Real Estate, Inc. by 3:00 p.m. on Thursday, September 20, 2018. Contact Gardner Lile (mobile: 501-658-9275) or Gar Lile (mobile: 501-920-7015) to request a bid package or to schedule a tour.
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