Exceptional Return of Investment and Recreational Value
Investment-grade tillable farms with solid rates of return are in high demand. This 315 acres outside of Princeton, Missouri should garner close consideration. Historical yields for both corn and soybeans have been exceptional on the 260 tillable production acres. Soybeans have averaged between 63 and 72 bushels per acre. Corn averages have been in the 160’s and as high as 181 bushels per acre. There is a three year cash rent agreement in place which runs through the 2025 growing season at $300 per acre or $78,000 annually. The rent is paid in full before planting. The tenant runs a large farming operation, is financially solid, and is looking forward to developing a long-term relationship with a new owner. The seller states that with a little dozer work, you could easily push out another 20 tillable acres without compromising water drainage or soil stability.
The recreational component...
The recreational component of this farm is on point. Mercer County is a geographically desirable area for deer & turkey hunting with exceptional numbers of both. The timbered draw that runs through the property shows signs of extensive use. This farm provides great access and huntability for multiple wind directions. People have already reached out to inquire about leasing the hunting rights on this farm. A $25/acre hunting lease would generate another $7,875 annually. A combined annual income of $85,875 on this farm produces an ROI pushing 4.1% at asking price. Please contact David Brothers to schedule your private tour at (660) 240-3243.
Property Features
-315 +/- acres
-Highly productive row crop farm
-260 tillable acres
-Approximately 20 additional tillable acres possible
-$300/acre cash rent through 2025
-Excellent deer & turkey hunting
-Extra income with a hunting lease
-Excellent farming tenant
-Crop rent paid before planting
-$85,875 annual income with hunting lease
-Pushing 4.1% ROI at asking price
From elevation to owner history
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationDirections
From Princeton, MO: Head east on US 136 approx 4 miles to property on the south.
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