383 Acres, 4 Roi, Highly Tillable
Highway Z : Pattonsburg, MO 64670
Daviess County, Missouri
Land Description
Tract 1 of 5
Offered individually or as multi-tract package
Acres 383.05+/- Total FSA Acres
319.46+/- FSA Crop Acres
300+/- Acres in Row Crop Production
Highly Tillable
4 ROI at the asking price
Strong soils
Strong Producer
Area Cash Rent Comps
Mostly Bottom & Second Bottom
Long Term Owners
Professionally Managed
Long Term Lease Option
Turn-key ROI for an Investor
Offered individually or part of 5-tract package. 383.05+/- total acres reference FSA documents, 319.46+/- FSA cropland acres, and 300+/- acres currently in row crop production. The farm is mostly Grand River area bottom, and second bottom. The farm has been owned by the same owner/operator family for years and has been professionally managed to be a top producer 50 waxy corn production. It you're an investor looking for something long-term, this is a turn-key opportunity. The farm comes with an optional 5-year row crop lease 2018-2022 paying annually on 300 acres, offering a 4 return on investment at the asking price. Additional income is available from an optional hunting leases. If given the opportunity, the operator would like to continue well beyond the 5-year lease. However, a new owner could also have the option to farming it himself, or rent to a different tenant, beginning in 2019. If you're an out of state investor and are wondering what cash rents are for the area, we have strong comparables. Recent March 2018 cash rent auctions, on similar farms in the area, have fetched similar per production acre prices.
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