458 Acres in Higginsville, MO - $2,061,000
Acres - 458 +/- with approximately
403 Acres tillable
Presently 368 acres is tilled with an additional 35 acres coming out of CRP this year that can be tilled.
Price - $2,061,000 or $4,500 /Acre
Amenities - Seven acre lake with docks and small pond. Catfish, bass, bluegill and croppie. Abundant deer and wild turkey on site.
Improvements - Land is partially tiled and terraced. 42x60 Morton metal building.
Yields - Beans - avg 40-50 Bu/acre
Wheat - 2012 yield was 70 Bu/acre
Corn - all in beans and wheat previously until 2012 yields not in yet for this year's corn crop.
Rent - Present tenant farmer is paying $269.00 per acre cash rent. Need to negotiate same rent for next year.
Taxes - $4.00 per acre or $1,832.00
Income - 403 tillable acres at 269.00 = $108,407
Less taxes 1,832
...
$106,575
or 5.1% return
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Location Approximately one mile east of Highway 13 and on the south side of I-70. Hard surfaced road on the north, gravel roads on the east, south and west sides.