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383 Acres, 4 Roi, Highly Tillable

Highway Z : Pattonsburg, MO 64670

Daviess County, Missouri

383 Acres
$1,950,000
$5,091 / ac
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Under Contract

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 2 paying $78,000 annually on 300 acres, offering a 4 return on investment at the asking price. Additional income is available from an optional $4,000 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.

For more information, contact Dennis Prussman , m

More Land Details

LANDFLIP ID
164049
MLS / Other ID
24088-12189
Posted on LANDFLIP
90 Days Ago
Last Updated
Today
Views
38
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