617 Acre Amazing Saline County Bottom Farm
Quality farms are hard to find!!
Large Quality farms are even harder!!
This farm is set up to impress from the moment you pull in of Hwy VV. It features an amazing 1 3/4 Mile view across the bottom to the other side and 5 miles of Levee surrounding the property.
The soils are 28% Zook and 70% Dockery
This farm currently has 514 tillable acres leased out for another 3 years at a rate of $275 per acre or $141,350 yearly paid upfront. This lease is optional for the new owner to take over. It can be farmed by the new buyer or his farmer of choice.
4-30' Grain bins also brought in the farmer an additional .15/bu or $6000 in yearly income.
Farm should bring in an additional $10 per acre income for a hunting lease or $6170. There is a slide gate on a 24" pipe to hold water on part of the bottom for waterfowl hunting.
This would bring the annual income to $153,520 prior to depreciation.
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Items that could be depreciated.
5 miles of Levy at which the owner stated his local FSA office puts the value of the levy at over $1,000,000. 4-30' Grain Bins (Approximately 40,000 bu storage). 6' Drainage tube and 2-24" Drainage Tubes. This could drastically help the return or offset some of the cost. This should be verified with your accountant.
The owners have spent the last several weeks working on cleaning out the bar ditches and cleaning up some of the levee's. While the $8500 they have spent so farm has went a long way. The dozer operator was pulled away to work on terraces. Still to be completed is the clean off the rest of the way around the north levy. The dozer operator has estimated $22,000 to clean it the rest of the way off. The owner estimates another $8000 would complete a few other small projects cleaning the drainage's etc. This should turn this farm into an amazing show farm.
The location is equally important 1 mile to the I-70 Exit at Emma, Mo and 60 Miles to Kansas City.
Call Jeff Quinn today for more information 1-660-734-3925
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