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ARKANSAS RIVER FARM FOR SALE
This 411 acre farm is located in Lawrence County, Arkansas on the Strawberry River. There are 100 acres that is planted in rice each year and the rest is soybeans and milo. A total of 350 acres is available for row crop production. Some of the land has been processioned level. The farm has several sources of water including the Strawberry River, a 30 acre oxbow lake and a seasonal creek throughout the farm land. Due to the lay of this land, the current owner has permit to pump from the river and has no wells to maintain. Lawrence County, Ark. Is one of the top rice producing counties in the state. It is just off a state maintained highway making for easy access to the farm.
The current owner is out of state and has a 1/3 rental agreement with a local farmer who is willing to work with the new owner. The lease is averaging returning 3.5% return on investment of this property. Additiona...
The current owner is out of state and has a 1/3 rental agreement with a local farmer who is willing to work with the new owner. The lease is averaging returning 3.5% return on investment of this property. Additional revenue could be gained by leasing land for duck hunting along the oxbow or river flooded fields. With just 2 pit leases per year, the farm turns almost a 4.5%. There is also a nice rise on a corner of the land that is out of the flood plain and would make a fantastic home site.
This land is just minutes from Shirey Bay/Rainey Brake Wildlife Management Area. This area is a federally mandated migratory bird rest area. The actual wildlife management area is over 11,000 acres of flooded timber. This Lawrence county farm is just an hour from Jonesboro, Arkansas. The Strawberry River runs into the Black river just a few miles downstream. These rivers produce some great fishing with large catfish, small mouth bass and other species of fish. This row crop farm would make a great purchase for the investor looking for a nice return on their land while still enjoying excellent deer, turkey and duck hunting.
Contact Scenic Rivers Realty at (870) 869-1515 at the office or (870) 378-8148 cell if you would like more detail information on this row crop farm.
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