DRASTIC PRICE REDUCTION ON THIS LARGE ROW CROP FARM!
This farm was priced at over $4.5 million two years ago when it was rented for $300/acre, but that renter went South and took the value with it. So what a Buyer ends up with now is a good farm with a lot of upside potential!!!!!
Row crop farms are hard to find right now, but here’s a good one, and it's priced at a 4.5% rate of return. That’s right, a 4.5% rate of return! And there’s lots of upside potential. It’s a combination of five different farms located in Northeast Nodaway County Missouri beginning West of the town of Sheridan and running Westward almost to the town of Elmo. These farms are cash rented for the 2017 & 2018 farming seasons and will be available after that. The locations of the individual tracts offer good diversification across a relatively small geographic area. The farms are all in good condition and will make someone a good investment over the years. In addition there are good hunting opportunities each individual tract. Most of the conservation work has been done and this investment will produce a good rate of return year in and year out.
Price: $3,757.45/taxable acre or $4,099,375.00 total.
This combo is also available in individual tracts. (See information below)
Agent: Rick Barnes
Broker Participation: Barnes Realty Company, as listing broker, will gladly, and fully cooperate with most licensed real estate brokers to obtain a sale of the property on terms satisfactory to the current owners. Brokers should call the office for details of our co-brokerage policy.
The farm is a combination of five individual, non contiguous tracts. They are generally located in Northeastern Nodaway County, Missouri. See the plat book pages for more specific details.
- FSA Information:
See the following individual tracts below for specific FSA information.
The farm is unimproved except for the tile lines, terraces, fences and gates.
- Taxes/Taxable Acres:
2016 taxes were $3,214.32 on 1,052 taxable acres.
- Rental Status: All the tracts are rented to the same farmer for 2017. This is his second year. All the leases and CRP income (not counting hunting leases), bring in $153,421.00/year on 800.39 tillable acres. This number was based upon known tillable acres for the farms. Extensive clean up work has been done on the 566 acre tract and the tillable acres on that tract next year will increase by approximately 25 acres (the farmer gets to farm it for free the first year in production).
- Mineral Rights: The current owner is not retaining any of the mineral estate beneath the surface.
- Hunting: Leased at this time for 2017-2018.
**See below for the individual information on the five farms in this combo offer!
Price: $2,109,316.77 Total or $4,672.21/Tillable Acre or $3,726.71/Deeded Acre
Price: $670,807.45 Total or $4,430.00/Tillable Acre or $670,807.45/Deeded Acre
Price: $499,375.00 Total or
Price: $447,204.97 Total or $4,752.44/Tillable Acre or $3,726.71/Deeded Acre
Price: $486,666.67 Total or $5,555.56/Tillable Acre or $4,866.67/Deeded Acre
View Barnes Realty's List of Farms for Sale in a larger map