157 Acres in Sullivan County, MO.

This 157 m/l acre property in Sullivan County, Missouri, has 106 m/l open acres. 20.8 acres are currently enrolled in the CRP program and 104.7 acres are in the Grassland Reserve Program. The CRP acres are under contract until 2017 and have an annual payment of $1,785.00. The 106 m/l open acres are currently in hay and is leased for $3,600 and will be receiving a GRP payment of $1,675.00 for 2015. The 106 m/l open acres have the potential to obtain a cash rent of 160.00 per acre if put into production for the 2016 crop year. This property has one very nice lake and one nice pond located on it and could also achieve a yearly payment of 1,500.00 if leased for hunting. This land has the potential to achieve an annual amount of $20,245.00 giving this property a return rate of 5.1%.