Bay Village
Description:
The Bay Village Farm is a highly productive, fully developed, and versatile farm in Northeast Arkansas. The farm has a history of producing rice, corn, wheat, and soybeans. Cotton, peanuts, and sweet potatoes are other crops that could be grown. Of the 394 total acres, 388 acres are cultivated, with all the cultivated acres having been leveled in summer 2020 on a variable grade for optimal irrigation and drainage. Approximately 300 acres were touched up in 2023. This farm is a highly productive investment grade property in a fantastic area to own land.
Acreage:
There are 394 total acres, and according to the FSA maps there are 388 FSA Cropland acres which are precision leveled and furrow irrigated. The drains and roads are clean and well maintained. The property is well drained and in good agricultural condition.
Location:
The farm is located in northeast C...
The farm is located in northeast Cross County approximately 15 miles northeast of Wynne and 10 miles southeast of Harrisburg at the community of Bay Village. It is accessed by CR 307, a gravel road maintained by Cross County.
Topography:
100% leveled on a variable grade.
Soils:
Soils consist of 46% Mantachie loam and 28% Iuka loam (both Class II soils), as well as 26% Alligator silt loam (a Class III soil). These soils are well drained, productive, and well-suited for all common crops grown in the Delta. The average NCCPI Index is 71.
Improvements:
The farm is irrigated via four wells with a system of underground pipe and risers that irrigate the entire farm. Two other wells that were used to irrigate the farm prior to 2020 were left in place but are no longer utilized in the current production configuration; however, these wells can be used to provide supplementary groundwater.
Price:
$2,950,000 or $7,603/FSA Cropland acre
Lease:
The farm is leased on a flex lease with a $150 per acre minimum cash. The three-year average rent is just over $287 per acre based on the crop share flex. A copy of the lease will be provided to serious buyers.
Taxes
$4,135.85 or $10.50 per acre.
Possession:
At closing subject to farm lease.
Minerals:
All minerals owned by Seller will be transferred.
Showing:
By appointment only. For appointment please contact.
Shelby Smith cell - 901-461-9042
Gwin Smith cell - 901-359-7159
The Farmland Group, LLC
5160 Sanderlin Avenue
Suite One
Memphis, Tennessee 38117
901-766-9041
Map
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