40 Acres in Pattonsburg, MO - $203,825

40+/- Acres Creek Bottom, 4% ROI, Strong Producer, Class II Soils

These opportunities dont happen often. This farm has been owned by the same family since late 1800s or early 1900s. 40+/- total acres, 31.36 FSA Crop Acres. The farm is Grand River area bottom, with all class II soils. If youre an investor looking for something long-term, this is a turn-key, 4% opportunity. The farm comes with an optional row crop lease paying $8,153 annually on 31.36 acres (length of lease is negotiable). If given the opportunity, the owner/operator 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.