Auction Information
Online Bidding SiteSealed Bid - 1350 Acres - Chicot Co
New Sealed Bid Timberland Sale - Eudora 1,350
1,350 acres in Chicot County, Southeast Arkansas (1,366 GIS acres, south of Lake Village, west of Eudora)
Overview:
Planted pine age 26 averaging 13.4 dbh with 30 miles of internal row-crop road system, bridges and canals. CRP subsidy payments through 2020. Tree inventory, growth & yield model, and interactive discounted cash-flow for NPV on website with accuracy guarantee available.
Subsidies:
Annual $28,897 Conservation Reserve Program (CRP) subsidy payments transfer to qualified buyer paid by USDA October 1, 2016 through 2020. Buyer also receives additional $50/acre subsidy for each thinning on approved CRP lands.
Timber:
Inventoried with 1/10th acre plots that were flagged orange and numbered. Less than 4% statistical error in tree count inventory based on 90% probability; and individual pine plantatio...
Inventoried with 1/10th acre plots that were flagged orange and numbered. Less than 4% statistical error in tree count inventory based on 90% probability; and individual pine plantation cruise errors average less than 9%. Tree counts, diameters and heights are guaranteed by RFC within the stated specifications and deviations. Bidders are welcome to conduct due diligent inspections and inventories. All individuals entering upon the property assume liability for their own safety and actions and waive landowner liability.
Access:
0.8 miles of blacktop frontage on State Highway 8 and mile frontage on County Road 6 (gravel). 30 miles of gated private internal roads providing year round access and over 6 miles of summer roads. Yellow RFC signs designate stands and direction. Gate lock combo 0200.
Legal/Lines:
Sec 18: E SE; Sec 20: SE NE, E SE, SW SE; Sec 21: NE NW, S NW, N SW, SW SW; Sec 29: N NE LESS 1ac cemetery, W2/3 S NE, NW, SW, W SE; Sec 30: SE; Sec 31: N NE; Sec 32: N70 ac NW, all in T18S, R2W containing 1,350 deed acres, more or less, Chicot County, Arkansas (GIS acres are 1,366). Sale boundary marked with RFC white flagging, roads, old/new fences, pasture and/or canal as notated on aerial map. No survey provided
Location:
Chicot County, Southeast Arkansas
Sealed Bid:
1:00 pm Thursday, April 7th, 2016 (bid luncheon 12pm; US Central Time)
Bidding:
Bids received by fax, email, web, mail, in-person and phone (recorded) are confirmed and sealed until bid opening. If you need assistance in determining bid based on desired return rate (discount rate) utilizing custom growth-yield model, email or call; all your information is confidential. Notification of bid acceptance within 48 hours.
Reservation:
Minerals are reserved. Seller reserves the right to reject any and all bids.
Earnest:
$50,000 paid within five business days of acceptance.
Closing:
Closing within 30 days of acceptance & administered by RFC. Taxes prorated. Revenue stamps, buyers title insurance and closing administration divided equally. Closing costs increased by buyer are paid by buyer. No other terms exist outside this document unless dually executed by both parties. All submitted bids (verbal or written) are legally binding to all terms stated in this bid prospectus and any deviating party is responsible for reimbursing legal costs related to ensuring compliance. Exceptions & contingencies by bidder must be in writing with bid.
Email or call me with any questions or if you would like a tour or personal investment return analysis.
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