878+/- Acres Offered as a Package, 4% Return on Investment, Mostly Bottom & Second Bottom, Row Crop

Status: Available:

Price: $4,205,500

Location: Daviess County, MO at Pattonsburg

4% ROI, Strong Producing, Highly Tillable, Bottom & Second Bottom, Mostly Class II Soils

Offered as multi-tract package
(owner will consider selling separately or mix/match)

Total Combined Acres of all Tracts, no longer an option:
878+/- Total FSA Acres
782+/- FSA Crop Acres
647+/- Acres in Row Crop Production

Tract 1: Available
383.05+/- Total FSA Acres
319.46+/- FSA , Crop Acres
307.89+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 1 Document Packet 20180524

Tract 1-A (west side of Tract 1): Available
270.01+/- Total FSA Acres
214.04+/- FSA , Crop Acres
212+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 1A Document Packet

Tract 1-A (east side of Tract 1): Available
113.04+/- Total FSA Acres
105.42/- FSA , Crop Acres
95+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 1B Document Packet

Tract 2: Under Contract
130+/- Total FSA Acres
100+/- FSA Crop Acres
100+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 2 Document Packet

Tract 3: Under Contract
35+/- Total FSA Acres
32+/- FSA Crop Acres
33+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 3 Document Packet

Tract 4: Available
241+/- Total FSA Acres
218+/- FSA Crop Acres
175+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 4 Document Packet

Tract 5: Under Contract
41+/- Total FSA Acres
41+/- FSA Crop Acres
39+/- Acres in Row Crop Production
Get Details & Pictures  |  Farm 5 Document Packet

  • Highly Tillable
  • 4% ROI at the asking price
  • Mostly class II 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

Outstanding opportunity in Daviess County, MO. I’m pleased to offer as a package, five total tracts, all located within five miles from one another. Combined, there are 878+/- total acres (reference FSA documents), 782+/- FSA cropland acres, and 647+/- acres currently in row crop production. The farms are mostly Grand River area bottom, second bottom, and offer mostly class II soils. These farms have been owned by the same owner/operator family for years and have been professionally managed to be top producers (50% waxy corn production). It you’re an investor looking for something long-term, this is a turn-key opportunity. This package comes with an optional 5-year row crop lease (2018-2022) paying $168,220 annually on 647 acres, offering a 4% return on investment at the asking price. Additional income is available from 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. “These are good farms.”

Full details available at: www.LandByDennis.com.

Stay informed…
and be the first to know when new land listings are available
Signup for FREE LAND ALERTS

Request more information about this property:

Realtor: Dennis Prussman,
Phone:
(816) 262-6178,
Email:
dennis.prussman@gmail.com

Like Facebook:  http://www.facebook.com/LandAndAuctions