Arkansas Delta Leveled 40
High quality rice farm with highway access and approximately 36 acres of zero-graded tillable acreage. Previous owner is large farmer that referred to this field as the "Ice Cream Farm" because it was his favorite farm to deal with given no headaches and high quality.
In addition to being backed up to Crooked Creek, which is the largest creek in the immediate area, the farm has a newer electric well on site for irrigation and flooding.
Farm has historically been planted in rice, but it is currently planted in a soybean rotation. Farmer expects to move the land back into rice next year.
Land is approx. 11 miles from Stuttgart, AR, the "Duck Capital of the World." Additional hunting lease income option to be explored.
The total price of the farm is $153,625 or $3,738 per acre
Road frontage / immediate highway access
Approximately 37 acres of zero-graded tillable acreage and 41.1 acres in total, including buffer zone to nearby creek and staging area off of the main road.
Gross cash yield expected at 3.4%. Lease negotiation for 2019+ currently in process.
Additional hunting lease option to be explored. Could add up to 1% of additional yield if successful.
Standard AcreTrader management fee of 0.75% applies annually.
Anticipated dividend payments occur on December 15 annually, beginning December 2019.