146 Acres in Pattonsburg, MO - $780,000
Heres a very nice, highly tillable, bottom farm that offers an investor a 4% return at the asking price. This farm consists of 146+/- total acres, of which, 120+/- are in row crop production. The farm is Grand River area bottom, and offers nearly all class II soils. The farm comes with an optional row crop lease paying $31,200 annually on 120 acres (length of lease is negotiable). The owner/operator has farmed this farm since the mid-1990s and would like to continue farming it for many years. However, a new owner would 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 from a recent (March 2018) cash rent auction where similar farms fetched similar per production acre prices.
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From Pattonsburg take Highway 69 south, west on Ivory Avenue, and north on 137th street to property.