Hwy Z , Pattonsburg, MO 64670(Daviess County)

Outstanding opportunity in Daviess County, MO. Im 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 youre 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 youre 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.