228 Ac, Irrigated Farm Land

Land Description

228 +/- ac irrigated farm for sale in Richland Parish, LA This farm has approx. 188.5 acres under furrow irrigation. The remaining acres are in ditches and a wooded area. It has 3 electric, submersible wells located at the south, north, and west sides with multiple risers. Note Current lease rate is based on 188.5 acres. The farm has blacktop road frontage on 3 sides. The soils are primarily a Gigger-gilbert silt loam 40.1 and a Gilbert-silt loam 31.1. A soil map is available on the RecLand site. The farm is under a 5 year lease with a well-known operator that is set to end/renew in November 2019. Rents are currently at a cash level that would provide just over 3 gross return at the asking price. The lease allows for a crop share payment if it's greater than the cash rent minimum. Minerals negotiable Location Situated along the east side of Middle road and along the south side of Gandy road and along the north side of Hwy 576, west of Mangham, LA Legal Description Situated in Section 19, T15n, R7e, Richland Parish, LA Asking Price $969,000 Note Buyer's agents see the commission information in the footer below. Call Pat Porter or see the RecLand site for all our listings.