640 Acres in Lake Village, AR - $1,360,000
640 ACRES
ASHLEY COUNTY, ARKANSAS
LOCATION: Approximately 8.5 miles southwest of Lake Village, Arkansas in Chicot County, and approximately 22.5 miles west of Greenville, Mississippi.
SIZE: 640 Gross acres of Farmland.
592 acres of Cropland.
IMPROVEMENTS: All of the cropland except approximately 13 acres has been leveled to grade, with water provided by 2 re-lifts from Big Bayou, which has provided a dependable source of water for 25 years. There are 4 ea. 12,000 bushel grain bins with stir-alls and dryers, a 30 X 50 shop building with concrete floor, and a small hunting cabin.
FSA DATA: A RICE base of 290 Acres with a Direct Payment yield of 5567 lbs. and a Counter Cyclical Payment yield of 5857 lbs.
A SOYBEAN base of 302 Acres with a Direct Payment Yield of 24 bu. And a Counter Cyclical Payment Yield of 29 bu.
COMMENT: This farm has been dedicated to rice and soybean production f...
COMMENT: This farm has been dedicated to rice and soybean production for several years. The soil types are good for the production of the crops based on this farm, plus a variety of others. This is a very good farm in 1 tract. This farm also offers excellent duck hunting. The farm is being very well farmed. The owner wishes to continue farming this property for a minimum of 2 years after the sale at a cash rent paid March 1 each year in the amount of $72,000.00. An additional $8,000.00 per year duck hunting lease beginning in August, 2007, for a total of $80,000.00 cash rent.
PRICE: $1,360,000.00.
DISCLAIMER: The information contained herein was obtained from sources believed to be reliable and correct but is not guaranteed by Underwood Land Company, Inc. or its agents and we disclaim any liability for errors and/or omissions.
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